GTC promotes Danny Bercovich to Regional Director of Retail

13 June 2022

Danny Bercovich was promoted to Regional Director of Retail of GTC. Previously, he has served the company as the CEO of GTC in Bulgaria and Romania. In the new role Mr Bercovich will steer the company’s operations and growth strategy in the retail segment.

Danny Bercovich has been associated with Globe Trade Centre since 2012, dealing with office and shopping malls projects as Head of GTC Romania and later GTC Bulgaria. He actively participated in strengthening company’s reputation in the SEE commercial real estate development market. As a highlight of his professional journey with GTC, Danny established a landmark office project Advance Business Center – a top design, modern green building in the office hub of Sofia that won local and international awards, currently hosting renowned companies as tenants in Bulgaria. Besides, Mr Bercovich was handling the sales and purchases of shopping malls in Bulgaria throughout the years, optimizing their performances and adapting them to the dynamic changes of the market. Lately, he was also involved in creating a strategy towards the GTC’s retail portfolio across the countries in which the Group operates. Leveraging his rich experience in development and operation of retail properties in the SEE markets, as well as GTC’s dedicated view on its retail portfolio, Danny Bercovich will steer the Group’s strategy of focusing on the shopping centres as Regional Director of Retail.

Shopping centres are undergoing changes and facing challenges, but also providing huge opportunities for us. We need to make sure that we are focusing on maximizing the performance of our retail portfolio. This requires full dedication from an experienced person with a market insight and a foresight into shopping malls sector, fluent in both operations and performance management. Throughout his career at GTC, Danny Bercovich has proven to be a committed and highly professional expert, as well as a leader. I am confident with Danny as a Regional Director of Retail, we can further expand and develop within this dynamic real estate segment

commented Zoltán Fekete, CEO at GTC.

The promotion of Danny Bercovich to the position of Regional Director of Retail is a strategy-driven move by GTC to strengthen company’s position within commercial real estate and, in particular, to improve its shopping malls’ performance. Ziv Gigi, country Manager of GTC in Romania, will take over the former responsibilities of Mr Bercovich as Head of GTC Bulgaria.

The GTC Group is a leading real estate investor and developer focusing on Poland and capital cities in Central and Eastern Europe. During 25 years of its activity, GTC has developed 77 high standard, modern office and retail properties with a total area of approx. 1.4 million sq. m through Central and Eastern Europe. GTC now actively manages a commercial real estate portfolio of 45 commercial buildings providing ca. 763 ths. sq m of lettable office and retail space in Poland, Hungary, Bucharest, Belgrade, Zagreb and Sofia. In addition, GTC has a development pipeline of approx. 460 ths. sq m retail and office properties in capital cities of Central and Eastern Europe, 51 ths. sq m under construction. GTC S.A. is listed on the Warsaw Stock Exchange and inward listed on the Johannesburg Stock Exchange.

Media inquiries: Agnieszka Szczurek, Hill+Knowlton Strategies, Agnieszka.Szczurek@hkstrategies.com,
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