Globe Trade Centre S A : Ziv Gigi promoted to Country Manager of GTC Bulgaria and Romania

GTC continues a strategic streak of enhancing the Group's strength through internal promotions and is pleased to announce that Ziv Gigi has been promoted to Country Manager of Bulgaria and will be responsible for all operations of GTC in that market, in addition to his incumbent role as Country Manager of GTC Romania.

Ziv Gigi has more than 15 years of C-suite experience in Central and Eastern European real estate markets, developing and managing 450,000 sq m of office and retail projects through his career with GTC. Commencing in GTC in 2008 and after serving as a CFO for Bulgaria and Serbia, in 2021 Mr Gigi was nominated as Country Manager of Romania in testimony to his seasoned skills in feasibility, acquisition, project conception, financing, development and operational management of large scale real estate projects in dynamically expanding property markets. His executive financial expertise and aptitude in growth investments were conducive to his current promotion as Country Manager of Bulgaria and Romania, two fast developing EU countries with potent property markets.

"I'm excited for yet another opportunity with GTC. Bulgaria is a dynamic and promising strategic location for the company's development and growth. I am sure that my experience with GTC to date will help me take over the role smoothly to even better support the company in growing the portfolio of brand-new projects and implementing operational excellence" - commented Ziv Gigi, Country Manager of GTC in Romania and Bulgaria.

"During his time with GTC, Ziv has proven to be an exemplary leader, going above and beyond the call of duty. His promotion to Country Manager of Bulgaria is a consequence of his exceptional performance as well as response to our business needs. We want to leverage the market momentum and do our best to grow in the Bulgarian market - portfolio and operation -wise. With Ziv leading our operations both in Romania and Bulgaria, I am confident we will be able to achieve these and other ambitious goals" - added Zoltan Fekete, GTC's CEO.

Apart from his impressive expertise in development and asset management, Ziv Gigi is a certified public accountant (CPA) with over a decade of financial management experience specializing in capital raising and strategic planning. Before joining GTC, Ziv worked as an auditor for Ernst & Young Israel, and as a financial manager for a private developer in Hungary and Turkey.