October 16, 2025

GTC Boasts First LEED Gold v5 Building in CEE

GTC has announced that the South Tower of City Gate office complex in Bucharest has been awarded the LEED Gold v5 certificate.

According to the developer, this is only the fourth existing building in Europe to achieve this recognition, following projects in Italy, Spain, and Sweden.

City Gate is located in the northern part of Bucharest, next to the Romexpo exhibition center, and consists of two 18-storey towers with nearly 48,000 square meters of office space.

According to GTC, the property is powered 100% by renewable energy. In 2022, it underwent a major refurbishment of common areas, including the lobby, as well as upgraded building systems, including a new ventilation system, ensuring excellent indoor air quality. The modernization also covered office areas and sanitary facilities, with a focus on functionality and energy efficiency. City Gate is equipped with a media monitoring and control system, LED lighting in common areas operated by motion sensors, charging stations for electric vehicles, and dedicated facilities for cyclists, including parking spaces, showers, lockers, and a bike service station.

“The LEED Gold certification for the South Tower of City Gate, renewed under its latest and most demanding version, confirms the lasting quality of buildings developed by GTC,” commented GTC Romania Asset Manager Gabriela Cirstea. “The commitment of our team managing the property translates into ongoing progress in reducing CO2 emissions, increasing the share of green energy, and lowering water consumption. We are proud to provide our tenants with a modern workplace environment that combines people’s needs with responsible resource management.”

Among the companies based in City Gate are KMG Rompetrol, UniCredit Bank, E.ON, Memorial Healthcare Group, British Council, Globallogic Romania, Chimcomplex, Regus, and Best Value-Obsentum.

Image source: gtcgroup.com

Get the memo – every week

Essential real estate market updates, straight to your inbox.

Renters Acquires Irundo–Short Term Rentals

Irundo–Short Term Rentals is a Croatian short-term rentals company. The company was founded 15 years ago and manages over 300 apartments across top tourist destinations.

Kemberton Issues PLN 120 Million Bonds

Proceeds from the new bond issue were used to redeem part of the PLN 170 million of Ghelamco Invest bonds held by retail and institutional investors, which matured on September 29, 2025.

ZDR Investments Acquires LOGspot Logatec in Slovenia

The property with a leasable area of 27,820 square meters is the largest addition to the ZDR Industrial fund to date and boasts an internationally recognized BREEAM certificate at the 'Very Good' level.