Commenting on today's announcement, Eric Assimakopoulos, Founding Partner at Revetas, said, "I am delighted that TriGranit is transitioning to an investor who truly values and recognizes the expertise and dedication of TriGranit's entire team of professionals, which has been instrumental to our development projects over the past 5 years. 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. We are confident that under DRFG's umbrella, they will continue to thrive and achieve new heights.”
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.
“We are excited about the bright future ahead for TriGranit as part of the DRFG family! Under the stewardship of Revetas Capital, we managed to weather the COVID crisis and geopolitical challenges in CEE while completing the landmark Millennium Gardens office complex in Budapest. With new ownership, we will be focusing on new development opportunities and expanding our geographic footprint,” says Tom Lisiecki, CEO of TriGranit.
Revetas is a vertically integrated Pan European real estate investment advisor and manager with a thematic approach and focuses on distressed opportunities and value-add investments which may be entangled in complex and special situations. The firm's leadership has been active in Europe for the past 25 years and Revetas has been a leader in the European real estate market, being supported by a broad network of 110+ professionals. Revetas Group was formed in 2002 and is led by Managing Partner Eric Assimakopoulos, with offices in London, Vienna and Luxembourg.
Revetas serves a global base of institutional investors, pension funds, endowment funds, institutional fund managers, family offices and ultra-high-net-worth individuals with a razor-sharp focus on delivering superior, risk-adjusted returns.
TriGranit stands out as a premier real estate development platform in Central Europe, renowned for its ability to acquire and develop prime, sustainable office and alternative real estate projects that have become regional landmarks. Over its two decades of operation, TriGranit has completed nearly 50 landmark projects, adding 1.7 million square meters of GLA across seven CEE countries, and has received over 50 prestigious international awards.
