Budapest-based developer Trigranit Development Corporation is targeting Poland for further expansion, CEO Arpad Torok told PropertyEU in an interview. 'We see both green and brownfield opportunities in a number of Polish cities and also see scope for more public-private partnerships with PKP,’ he said.
Budapest-based developer Trigranit Development Corporation is targeting Poland for further expansion, CEO Arpad Torok told PropertyEU in an interview. 'We see both green and brownfield opportunities in a number of Polish cities and also see scope for more public-private partnerships with PKP,’ he said.
Earlier this year, Trigranit signed an agreement with the Polish Public Railways (PKP) to develop a new transportation complex in Poznan. Construction of the EUR 160 mln investment is scheduled for early 2011 with the first phase of the hub - a large retail centre - due to be opened in 2012. The mixed-use project will also feature offices and hotels in later phases. Torok: ‘We are in the process of arranging a loan facility with one of our long-term partners and aim to sign the deal by the end of the year.’ He declined to provide further details, but said the size of the loan was more than EUR 100 mln.
Trigranit is gaining a reputation in Central and Eastern Europe as one of the leading developers of mixed-use projects. The company is currently working on several developments across seven countries in the region, with a total planned investment of EUR 4 bn. Aside from Poland and its home country Hungary, the Budapest-based developer is also active in Slovakia, Romania, Croatia, Slovenia and Russia.
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