Revetas Group has announced the sale of TriGranit to DRFG Investment Group for an undisclosed sum. TriGranit has over two decades of operations and has completed nearly 50 landmark projects, adding 1.7 million sqm of leasable area across seven countries in the region.
As part of the transaction, TriGranit will continue to operate under its established brand, encompassing the entire development area of the group. The two companies have an existing collaboration. Since last year, they have been jointly developing an extensive logistics park in the group’s portfolio, located in western Poland. TriGranit will implement DRFG group projects and continue previously contracted projects such as Millennium Gardens in Hungary and Bonarka for Business in Krakow, Poland. Additionally, TriGranit will continue working with Revetas group on ongoing developments.
“Since our acquisition of TriGranit from TPG in 2018 together with the Keystone portfolio, we have brought new management to the group, TriGranit has completed the iconic, award-winning 37,200 sqm GLA Millennium Gardens office complex in Budapest, completed the 8th office building in the B4B mixed-use development in Krakow, repositioned over 90,000 sqm of office development land to close to 2,000 apartments, amongst other successes,” said Eric Assimakopoulos, Founding Partner of Revetas.
Tom Lisiecki, CEO of TriGranit, added that the group will continue to explore new development opportunities and to expand in other markets.
