Hungarian developer Trigranit says it is looking for co-development partners in large-scale inner-city projects to offset the risks caused by the turmoil in the financial markets. 'Trigranit is growing very fast but we also have to take into account the financial turmoil in the market. Therefore when we are looking at large-scale retail inner-city developments we are looking for co-developers', Trigranit CEO Larant Vargo told PropertyEU WebTV. 'I feel from other developers that they are very open to discussing cooperation in Russia and other countries as well,' he said.
Hungarian developer Trigranit says it is looking for co-development partners in large-scale inner-city projects to offset the risks caused by the turmoil in the financial markets. 'Trigranit is growing very fast but we also have to take into account the financial turmoil in the market. Therefore when we are looking at large-scale retail inner-city developments we are looking for co-developers', Trigranit CEO Larant Vargo told PropertyEU WebTV. 'I feel from other developers that they are very open to discussing cooperation in Russia and other countries as well,' he said.
The retail sector accounts for about 70% of its portfolio in Central and Eastern Europe. Since its establishment in 1997, the company has completed projects with a total value of Euro 1.5bn and is working on some 30 developments, with a total planned investment of EUR 8bn. Trigranit has a retail pipeline of 947,804 m2.
