TriGranit starts 2016 successfully
Q1 2016 has been a positive period for the real estate developer TriGranit. The occupancy rate in the company´s managed assets has reached a remarkable 95 percent, new leases and renewal agreements reached 25,777 m² GLA and development activity is high, with 20,000 m² GLA office space in progress.
Activity in the Business Process Outsourcing (BPO) sector in the CEE region is strong due to developed infrastructure and efficient and competent labour offered at more affordable prices than in Western European countries or the US. Due to the effective performance in BPO TriGranit plans to expand further in each of its core countries in the region. Millennium Towers in Budapest turned out to be the company´s most active asset, reaching a 99 Prozent occupancy level. Krakow´s office park, Bonarka for Business, also excelled during Q1 with 60 percent of the whole office space already leased, pending the opening of Buildings F and G during 2016 and 2017 respectively. Bonarka City Center, TriGranit´s main shopping centre located in Krakow, also showed great performance with a 94 percent occupancy rate and a six percent increase in the mall´s turnover. In Bratislava business is also progressing, the team closed five deals in Lakeside Park which has reached a 95 percent occupancy rate. Global private investment firm TPG acquired TriGranit last December 2015. Árpád Török, CEO of TriGranit, announced that the company would now be managing a higher amount of activities such as acquisitions of high quality assets.