50 projects in 14 countries, 2,5 million sqm of GLA developed, 60 million visitors yearly, more than 1,500 international cross-border tenants and over 40 prestigous awards
18. November, Budapest – After completing one of Hungary's first Class 'A' office buildings in 1995, and shopping centres in 1996, TriGranit has always taken a pioneering approach to its real estate developments. By merging development skills and experience with leasing, property and facility management, TriGranit has created a very strong and unique combination, providing a full suite of real estate development and management services. During its 20 years of operation, the company carried out more, than 50 projects in 14 countries, developed 2,5 million sqm of GLA and manages over €3 billion of assets in 29 current retail, office and leisure projects. The company has gained a significant presence in its geographical region, opening-up business lately in the MENA region and China, while being recently acknowledged with the grandiose World Finance Awards.
After completing one of Hungary's first Western style shopping centres in Budapest in 1996 with the opening of Polus Centre, TriGranit Development Corporation (TGD) began to concentrate mainly on transportation hubs in need of redevelopment. The first investment of this kind was the WestEnd City Centre in Budapest, a 194,000m2 GBA multifunctional complex that provides home for a shopping centre, hotel and office buildings meeting 21st century requirements already in the late 90's. The company brought this knowledge further to other countries, including Slovakia, Poland and Croatia. Today the company focuses predominantly on multifunctional developments and has gained a significant presence in its geographical region.
"The company is today one of the largest privately owned developers in Europe. During its 20 years of activity, the Corporation has completed development projects with a total area of over 2 500 000 sqm. in a worth of 1,5 billion EUR, using 1,000,000 m3 concrete, 100,000 tons steel and 1,000 km of building shaft. Our innovative way of working was acknowledged regularly, just as at World Finance Award 2014, being one-of-a-kind in Europe for having been awarded two prizes. Here, TriGranit Development Corporation has been awarded the Best Mixed Use Developer Europe Prize and the Most Innovative Developer Europe " Award – said Árpád Török, CEO of TriGranit Development Ltd.
Poland is TGD's primary focus today, but the company has projects under development in Croatia and Slovakia, and monitors many other countries in the region to transfer its experts' knowledge. The Bonarka City Centre in Krakow, which includes a shopping and entertainment centre, was developed on a 19 ha industrial area that was previously used as a textile factory. On the same plot the Bonarka for Business (B4B) office complex was developed and additional 3 towers are under construction. The 234,000m2 GBA multifunctional Bonarka City Centre is visited by millions every year. In October 2013, TriGranit opened a 164,000m2 GBA integrated shopping-, entertainment-, and transportation centre in Poznan. On the same site, in cooperation with the Polish railway company, there are plans
to develop a hotel and two office buildings. The first phase of this 30,000m2 additional development is due to finish by 2017.
In 2014, TriGranit Development Corporation was awarded the Best Mixed Use Developer Europe Prize and the Most Innovative Developer Europe Prize in their respective categories of the Real Estate Award 2014, being one-of-a-kind in Europe for having been awarded two prizes. Uniquely, TGD has been awarded the prizes of two out of 13 European categories; apart from the Hungarian enterprise, only a Polish company was represented out of the region in the field of Western European corporations.
TriGranit Management Corporation (TGM) was founded in the mid 90's as the operational wing of TriGranit Development Corporation. TGM provides its clients with value, transparency, understanding and efficiency for tenants; and sustainability, reliability and responsibility for landlords and owners of commercial, office, cultural or recreational facilities through its high quality services. TGM is currently active in 14 countries of operation with 9 offices in Europe and the Caucasian region the Middle East and China. The blend of a portfolio with an approximate GLA of 1.7 million sqm, almost equivalent to the area of Monaco, under management and leasing. TGM has instructions on over €3 billion of assets in 29 current retail, office and leisure projects. TGM welcomes over 60 million visitors every year. With its support of more than 1,500 international cross-border tenants, within the leasing portfolio, TGM is now acknowledged as a leading leasing and property management company in the CEE and MENA regions.
"2014 was a special landmark in our history, firstly, we opened up business in the MENA region with a mandate to lease Cleopatra Mall in Greater Cairo, Egypt, providing over 115,000 sqm GLA and 150,000 sqm GBA. Secondly, we have just signed a Letter of Intent with our Chinese partner heading towards one of the world's largest retail markets – said Philip Evans, CEO of Triranit Management.
The Joint Venture Agreement signed in October 2014 with Design International and MultiCapital aims at working on leasing mandates across North Africa. In addition, this partnership will further enhance their clients' retail leasing experience across the Middle East and North Africa regions with the aim of becoming the leaders in this market. As a first combined mandate is the leasing portfolio of Cleopatra Mall located in 6th of October, Greater Cairo, Egypt.
Furthermore, TGM, together with RTM Outlets Management and CHOC Chinese Outlet Centres signed a letter of intention in November 2014 to close a Joint Venture agreement to work jointly on gaining leasing, marketing and property management services for shopping malls all over China. As the first mandate of the cooperation, TGM is providing consultancy services in Liyang for an Outlet Mall in the Jiangsu project location. TGM will work on a market feasibility study for a retail/entertainment complex including fashion outlet functions.
19 November 2014, Budapest. TriGranit Management Corporation (TGM), together with RTM Outlets Management have signed a Letter of Intent to establish a Joint Venture, to work jointly on gaining leasing, marketing and property management services for shopping malls all over China.
In the framework of the Joint Venture, TGM will provide leasing, marketing and property management services for existing shopping malls and outlet centres, and on pipeline projects, the company will focus on leasing and property management consultancy.
Speaking about the partnership, Philip Evans, CEO of TGM, said, "After setting up business in the Middle East & North Africa earlier this year, we are delighted to step further eastwards to a similarly encouraging market, such as China. We are happy to have RTM as our Partners, as on the Chinese market it is essential to have a reliable, local partner in order to be successful. In the framework of the cooperation we will not only focus on business, but will be sharing our know-how to our colleagues in the joint venture as well."
Michael Song, CEO of RTM Management, said, "We faced an intensive retail expansion in the last few years in China, while the property management know-how has not evolved as quickly, resulting in lots of non-profitable shopping malls. Working together with TriGranit Management, with their 20 years of expertise in the fields of property management, consultancy and marketing services is definitely not only an added value, but a guarantee for us as well.'
As the first mandate of the cooperation, TriGranit is going to provide consultancy services in Jiangsu for an Outlet Mall by providing comment on the concept design, consultancy on a high level leasing strategy and advice on the schematic design.
Central European based TriGranit is one of the largest fully integrated regional real estate investment, development and management companies in the region. Boasting a 20-year track record of excellence, TriGranit has developed an award-winning portfolio valued at Euros 2.5 billion, and has a pipeline of over Euros 4 billion of major mixed-use developments. With a more than 3 billion Euro portfolio of trophy assets managed, TriGranit welcomes over 60 million visitors every year and supports the success of more than 1,500 international cross-border tenants, establishing TriGranit as one of the largest and most renowned industry leaders in Europe.
TriGranit operates in Central and Eastern Europe, the Caucasus region, North Africa, as well in the Middle and Far East. By merging development skills and experience with property and facility management, TriGranit has created a very strong and unique combination providing a full suite of real estate development and management services. Capitalising on its 20 years of professional experience, TriGranit is well-positioned to participate in the expanding real estate markets.
About RTM Outlets Management Co. LTD
RTM (Chuangge) Outlets (Beijing) Management Co., Ltd. is the professional management and operation company for outlets and shopping malls in China. RTM team brings the international expertise to China for international level commercial real estate development. RTM offers a wide range of retail development related services from project start, such as project positioning, concept design, tenant acquisition, operation after grand opening, to leasing management, facility management, property management, and asset management.
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Two decades of excellence
This year TriGranit is celebrating its 20-year track record of excellence. Two decades of high-value service and international recognition hallmarks our day to day work towards our investors and clients. TriGranit has developed an award-winning portfolio valued at 2.5 billion euros, and has a pipeline of over 4 billion euros of major mixed-use developments. With a more than 3 billion euro portfolio of trophy assets ... ►