CEE CIJ, Central & Eastern Europe's leading real estate magazine held its seventh awards ceremony on December 1, 2011, where TriGranit received the 'Developer of the Year' award.
The recognition confirms the company's successful business strategy: TriGranit opened and launched new projects in the region while other companies could not develop further or went bankrupt. The accumulated distribution to its shareholders is expected to be more than 70 million in 2011.
With the opening of the largest office development in Hungary (the 76,000-m² K&H HQs at the Millennium City Center in Budapest), start of work on the 140,000-m² Poznan City Center, and completion of the first phase of the 50,000-m² B4B office project in Krakow in 2011, TriGranit is poised for maintaining its leading role in the region.
Árpád Török, TriGranit CEO, commented: "The Developer of the Year award confirms that our developments can successfully compete not only in Hungary, but in the very competitive European property arena as well.
"This recognition shows that TriGranit is ready and able to successfully cope with the challenges. It confirms that professionalism wins over crisis; credible, reliable companies like TriGranit with fast, efficient reactions can successfully be prepared for the conjuncture after the financial and economic crisis."
The Hungarian-majority owned TriGranit is a fully integrated real estate investment, development and management company. With operations in seven countries in Central and Eastern Europe, a large portfolio of completed trophy assets, and a pipeline of over 4 billion of major mixed-use developments, as well as a number of public private partnership (PPP) investments, TriGranit, one of the largest property development companies in Europe, is well positioned to participate in the expanding real estate markets.