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TriGranit ranks third among the top European retail developers

Listing the largest European retail developers in its latest issue, PropertyEU magazine ranked the Budapest-based TriGranit the 3rd largest retail developer in Europe (based on the retail projects under construction or in development, with a total volume of at least 20,000 sqm at the end of 2009).

During its 13-year successful operation, Hungarian majority owned TriGranit has established itself as the largest developer in the Central-Eastern European market. TriGranit acknowledges the listing of PropertyEU, one of the leading trade publications of the property business. Being among the top 3 gives the company the international recognition and responsibility, as well. This position is even more valuable as TriGranit – unlike its leading competitors – developed retail projects in the CEE region only. Leading the retail industry players underlines our corporate efforts and long-term commitments toward excellence.

It is remarkable that against the turbulent economic and financial environment last year, TriGranit moved up a position again on this international ranking. Among the top three companies, TriGranit was the only one where the volume of projects under development or construction has been risen since last year. It proves the timing, direction and efficiency of the new corporate strategy of the company.

“Our third position on the PropertyEU ranking recognizes our successful TriGranit philosophy: we’ve been aiming at being a leading Pan-European property developer. We would rather be the number one in Central-Eastern Europe than heading the lists in each country of the region. The pipeline of over €4 billion of major mixed-use developments positions TriGranit to the top three, confirming the success of our strategy,” emphasized Árpád Török, CEO of TriGranit.

TriGranit is a fully integrated property investment, development and management company. With operations in seven countries in Central and Eastern Europe, a large portfolio of completed trophy assets, as well as a number of public private partnership (PPP) investments, TriGranit is well positioned in the growing Central & Eastern European real estate markets. (BBJ Online)