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TriGránit to carry out €1 bln project in Romania

Real estate company TriGránit Rt will be awarded a €1 billion contract to build the largest ever real estate project in Romania, Bloomberg reported citing Mediafax.

TriGránit executives will sign a contract with Romanian Public Works Minister László Borbély on May 23 to build offices, shopping malls, hotels and parking lots. The Esplanada project will be located on almost 11 hectares of state-owned land in downtown Bucharest.
Hungarian property investor Sándor Demján owns 75% of TriGránit, a company previously owned by the world's second largest office real estate investment trust, Trizec Properties, Inc.