The Hungarian majority owned TriGranit ranks No. 4 among the top 25 European Developers (HU/EU)

Listing the largest European property developers in its latest issue, PropertyEU magazine ranked the Budapest-based TriGranit the 4th largest developer in Europe (based on pipeline value in 2009).

During its 13 years successfull operation, TriGranit has established itself as the largest property developer in the Central-Eastern Eurpoean market. We are happy to acknowledge the listing of PropertyEU, one of the leading trade publications of the property business. Being among the top 5 – outranking competitors with several decades' experiences - gives us the international recognition and responsibility. Leading the property 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 to the 4th position on this international ranking. It proves the timing, direction and efficiency of the new corporate strategy of the company. Without government financial support, working together with banks who appreciated our credibility and prudential operation, we did not spend our energy on crisis management, but has been working on the foundation of our leading position after crisis" – emphasized Sándor Demján, TriGranit chairman.

„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 No. 1 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 4, confirming the success of our strategy – commented the ranking Mr. Árpád Török, CEO of TriGranit.

TriGranit is a fully integrated real estate investment, development and management company. With operations in 7 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.

Source: TriGranit

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