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Sports Arena to be operated by TriGránit

Property developer TriGránit Management Kft won the tender for the operation of Papp László Sports Arena in Budapest, daily Népszabadság reported. The company paid Ft 1.27 billion for the right of operating the arena until 2025 and will pay Ft 40 million a year as rent. In 2001 TriGránit tendered for the construction and operation of the sports arena to be built as a replacement of the late Budapest Sports Hall that burned down during a Christmas fair in 1999. However, the tender was won by French company Bouygues.