TPG Real Estate Completes Acquisition of TriGranit

December 1, 2015 3:52 pm

TriGranit to build on its leading Central European real estate platform

TPG Real Estate, the real estate arm of global private investment firm TPG, announced today that it has closed its acquisition of TriGranit, one of the largest fully integrated, real estate platforms in Central Europe. As part of the transaction, TPG acquired a portfolio of office and retail assets predominantly located in Poland, with select exposure to other key Central European locations.

TriGranit, with operational and capital support from TPG Real Estate, will build on its leading Central European real estate platform, focused on office and retail projects. The company, with offices in Budapest, Warsaw, Krakow and Bratislava will pursue a full spectrum of real estate activities including acquisitions, development, construction, and property and asset management. The senior management team will remain with the company after the transaction.

“The new TriGranit will manage a much wider scope of activities than before. As an integrated real estate platform, we will not only focus on development and management of retail and office projects, but also acquisitions of high quality assets. Poland and the capital cities in Central Europe remain our main area of focus. We see enormous potential in the countries in this region due to their favourable macro environment and real estate trends,” said Árpád Török, CEO of TriGranit.

“This transaction represents the culmination of over a year of work to acquire a high quality platform and real estate via a corporate carve-out. We look forward to working with this experienced management team to achieve TriGranit’s next successful chapter of growth,” said Anand Tejani, Partner of TPG Real Estate. Michael Abel, Principal of TPG Real Estate added, “Following a long history of successful real estate development, investment and management, TriGranit presents a unique opportunity to continue the growth of a leading, fully integrated real estate platform.”

Management of TriGranit

Árpád Török, Chief Executive Officer
Gyula Ágházi, Chief Operating Officer
Tomas Lisiecki, Chief Investment Officer
János Görföl, Chief Construction Officer

Name and visual identity

Name of the company: TriGranit
Visual identity and further company and project information:
the logo – attached
website: www.trigranit.com

About TriGranit
TriGranit is one of the largest fully integrated, privately owned, real estate platforms in Central Europe, focusing primarily on quality retail and Class “A” office buildings in strategic urban locations.  TriGranit conducts a full spectrum of real estate activities including acquisition, development, construction, and as property and asset management. In its two decades of operation, TriGranit has developed nearly 50 landmark projects creating 1 million square meters of GLA in 7 CEE countries and has won more than 40 highly prestigious international awards.

About TPG Real Estate

TPG Real Estate (“TPGRE”) is the real estate platform of TPG, a leading global private investment firm with approximately $75 billion of assets under management and 17 offices around the world. TPGRE includes both TPG Real Estate Partners, its equity investment platform, and TPG Real Estate Finance Trust, its debt origination and acquisition platform. Collectively, the two platforms have in excess of $7 billion of assets under management across TPGRE and other TPG-sponsored vehicles.  TPG Real Estate Partners has invested approximately $3 billion of equity in North America and Europe since 2009 and focuses primarily on investments in property-rich platforms and companies. TPG Real Estate Partners leverages the full resources of TPG in its value-added approach to investing to optimize property performance and enhance platform capabilities. TPG Real Estate Finance Trust manages a $2.5 billion commercial real estate loan portfolio and originates and acquires senior and mezzanine real estate loans across a broad spectrum of asset classes in North America.
www.tpg.com