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TriGranit Group Gets Stronger Enlarged Service Portfolio, Firm Financial Status

June 22, 2011, 12:55 (PX Newswire)

Budapest, June 21, 2011 TriGranit Group, despite the ongoing world financial and economic crisis, has been operating successfully on the Central-Eastern European property development market. The Group, driven by the consistently changing market environment, is putting more emphasis on the further development of its property management services.

Within this framework, TriGranit Management Corporation (TGM) has started the management of the Bonarka City Center (opened in 2009 in Krakow), Arena Centar (opened in November 2010, Zagreb) and the B4B office complex, opened last week in Krakow.

The recent changes in the corporate structure further strengthened the financial stability of GM: at the end of 2010, our corporation made an exceptional 1,9 billion Forint net income. In 2011, centralization and efficiency were strengthened through reorganization and through merger with the previously independent WestEnd Parking Management Ltd. The owner of TGM raised the share capital from 50 to 300 million Forints. With these changes, our company’s net assets exceed 3 billion Forints. – underlined Mr. Zsolt Völker, TGM CEO.

TriGranit Management Corporation has also widened its portfolio. Within facility management, technical management is offered alongside infrastructural management. The
company also plays an active role in property and asset management, along with leasing,
financial, and communications services.

TriGranit Management Corporation was founded in 1994 as the operational wing of TriGranit Development Corporation. The merging of development skills and experience with property management services have created a very strong and unique combination. The company, operating in Central and Eastern Europe, with a wide range of services, utilizing a creative and development-based approach, is striving for the satisfaction of more and more clients: visitors, tenants, and owners simultaneously. The company boasts a portfolio including acilities of commercial, cultural, educational, recreational, and office functions, and welcomes some 60 million visitors every year. With its support of more than 1,500 tenants, the company has become one of the largest management companies in the region.

Further Information:
Ernő Koncz, corporate communications director
Phone: +36 1 374 65 43 E-mail: ekoncz@trigranit.com

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