Business

Ground broken on RiverLoft project

Real estate developer GTC Hungary Rt has broken ground on an office complex and a residential project, Managing Director Robert Snow said. The RiverLoft project will consist of 170 apartments and 5,700 sqm office space in what used to be an industrial property in Dist. 13. The Center Point 2 complex, located in the same district, will deliver 22,500 sqm of office space in a structure adjoining the earlier completed Center Point 1. GTC Hungary was established in 1994 by Globe Trade Centre SA, a Polish company whose stocks are majority owned by Dutch-registered GTC International BV and also traded at the Warsaw Stock Exchange. (Vg 23) P.P.