In 2017, TriGranit is celebrating its 20th anniversary in business. The company has carried out more than 50 projects in 7 countries on 2 million sqm GBA, receiving more than 50 prestigious awards in its two decades, while kept its leading position in the region.
With the TPG transaction in 2015, via a huge multinational investor, TriGranit became a strong European player on the real-estate market. TriGranit once was a development and property management company. With TPG, alongside developments, TriGranit also focuses on acquisitions of operating assets and sales of developments. In the future, the company will continue its operations, focusing on developments and acquisitions primarily in the so-called Visegrád countries.
The company's ars poetica was formed: to develop mixed-use buildings that define a city's image and take a central position in both the city and the lives of its people. In this spirit, the company transformed, and with the merge of Gránit Polus, TrizecHahn, AIG and EBRD - TriGranit was born.
The next great step was the creation of WestEnd City Center. With this, TriGranit created a new city centre in Budapest. The company’s pioneer development in the region that has retail, offices, leisure and entertainment parts. The WestEnd is today still number one shopping and entertainment center on the Hungarian market. The building had received many prestigious construction awards in the year of its opening and in the years to follow. When developing real estate, one of the company’s most important principles was to reduce the energy consumption of its buildings in both the development and management phases. This also shows that TriGranit's modern mentality appears not only in clear architectural forms, but also in its technical innovations.
The company started to expand accross borders in the CEE region, Polus Center Bratislava retail and entertainment center was opened in Slovakia.
The National Theatre was built, delivered for the Hungarian State.
Because of the growing demand for TriGranit’s Class A offices in Slovakia, Millennium Tower 2 in Bratislava was built just 2 years after delivering Millennium Tower 1. The company put great emphasis on the uniqueness of the buildings and on flexible interiors which are capable of meeting the ever-changing demands of its clients. Perhaps this is also one of the keys to its growing success.
The Palace of Arts was developed, which houses the Ludwig Museum, the Festival Theatre and the Béla Bartók National Concert Hall. In the year of its opening, the Palace of Arts became the best cultural facility in Europe. Along with WestEnd, this was TriGranit’s second building to win "the Oscar of architecture", the FIABCI award. TriGranit demonstrated its intellectual and market power when, in parallel with the delivery of the Palace of Arts, contructed the Duna-Pest Residences in Budapest, a 300 unit luxury apartment complex on the bank of the Danube. In November the Silesia City Center in Katowice was opened. The centre was built on the site of an old, long-closed mine and TriGranit raised a chapel alongside the building in memory of the miners. TriGranit was among the first companies to join the Green Building Programme, established by the European Commission, which awards eco-friendly buildings. Silesia City Center won this award in the year of its realisation. The site in the later years was further developed. TriGranit constructed the 1000-apartment complex, the Oak Terraces.
A new building was added to Budapest’s office market with the development of Millennium Tower I. The company’s approach regarding effective operation was applied to this building as well, which consequently received the Green Building Award. (TriGranit took over the property management of Papp László Budapest Sportaréna)
The company commenced several projects abroad, it delivered Polus Center Cluj shopping centre in Cluj-Napoca. The investment defined the entire image of the district of the Transylvanian “capital”.
The nearly 100-meter tall Lakeside Park office complex was developed. It is one of the highest buildings in the city. Its quality solutions make it the most modern building in Slovakia. The Millennium City Center in Budapest was extended with the Millennium Towers II & III office buildings.
The development of Bonarka City Center in Krakow was completed. This year TriGranit’s investments in Poland alone amounted to 600 million euros. (Arena Zagreb, a modern sports arena with a capacity of 15,000 seats, was built in Zagreb.)
TriGranit completed its second Zagreb-based project, which was named Arena Centar.
Krakow, the Bonarka for Business (B4B) office complex. Buildings “A” & “B” were handed over. The will project consists of nine Class “A” office buildings. Meanwhile, another building was added to Millennium City Center in Budapest, the K&H Group Headquarters.
The Poznan Central Railway station was constructed and opened in Poland. The railway station was the first phase of a multiple development of Poznan’s new city center. Later phases are a retail center, offices, appartments.
TriGranit delivered buildings “C” & “D” of the Class „A” B4B Office Tower in Krakow. As a result, the company has so far completed projects with a total value of over 2.5 billion euros. The company continued its success with the delivery of two projects in Poland. Poznan City Center, a 58,000 sqm GLA shopping and entertainment centre, which is an integral part of the city’s new commercial and transportation hub was opened.
A new milestone in the life of the company. TPG Real Estate, the real estate platform of global private investment firm TPG, purchased TriGranit. Under the terms of the agreement, TPG Real Estate acquired TriGranit’s development and asset management platform as well as a portfolio of the full Polish, Slovakian and part of the Hungarian and Croatian high-quality assets. The aim of TPGRE, with further capital injection, is to create the CEE region’s leading real estate investment, development and management platform The company in the meantime continuously delivered projects, opened another two office towers in Krakow, the B4B buildings “E” & “D”.
In 2016, TriGranit completed two market definig transactions in Hungary and Poland by selling two of his successful retail and office developments. In September, the company completed the sale of Bonarka City Center (BCC) in Krakow to Rockcastle. The transaction was the largest transaction on the 2016 Polish real estate market. Just some weeks after it, TriGranit sold Millennium Towers in Budapest, a Class A 70,400 sqm complex, comprised of four office buildings within the Millennium City Center in Budapest, Hungary, for €175 million. The transaction is one of the largest ever office deals in the Hungarian market, by both value and gross leasable area. Meanwhile, the next tower, Building “F” was handed over adding 10 000 sqm GLA to the Krakow office market.
…and the successful story continues….