The Czech investment group DRFG is expanding its portfolio. It acquires a 100% stake in TriGranit, which is one of the largest companies in its field in Central Europe. The seller of the company is the international real estate group Revetas Group. DRFG announced the information in its press release. The acquisition should represent an important step for the company in the expansion and strengthening of its presence in Central and South-Eastern Europe.
TriGranit is one of the largest development companies in Central Europe and has been operating on the market since 1997. The value of its portfolio reaches 2.5 billion euros. During its existence, it has completed 50 projects, the total area of which is approximately 1.7 million square meters of gross leasable area (GLA).
“I am pleased that we have been able to complete this pivotal acquisition, which opens up new opportunities for us. TriGranit has a history of almost 30 years and has rich references in the field of development. Thanks to this, we will strengthen our position on the market, but we will also gain access to valuable know-how. For further development, I see it as crucial that experienced management remains in the company,” comments Roman Řezníček, CEO and shareholder of the DRFG investment group, on the closed deal.
In the past, the company TriGranit built two Polus Tower office buildings in Bratislava, which represented some of its first realizations. Another project of the company is, for example, the Bonarka City Center shopping center in Krakow, Poland. Most recently, it implemented the Millennium Gardens office complex in Budapest, to be completed in 2022.
The Millenium Gardens office building in Budapest, one of the latest projects of TriGranit|DRFG
DRFG and TriGranit have already worked together in the past. Since last year, they have been building a logistics park in the west of Poland together. After the transition to DRFG, TriGranit will participate in the projects of its new owner.
“Soon we will be developing three large and important residential projects, Smetanka Park in Olomouc, Ister Tower in Bratislava and Tři Dvory near Brno. TriGranit will be fully involved in all of them,” says Jan Pelíšek, director of the Real Estate Development CEE company, which falls under the DRFG. TriGranit CEO Tomasz Lisiecki is looking forward to the contribution of the new owner, opportunities for further development and expansion of the company’s activities.
Another of the buildings from TriGranit, Bonarka City Center in Kraków|DRFG
DRFG spokeswoman Monika Brichtová told e15 that the financial results of the investment company for 2023 are the best in history. “The group achieved a profit significantly exceeding 100 million crowns,” she said. This year, DRFG is to work intensively on expanding its scope in existing markets and preparing to enter new markets.
“TriGranit is currently implementing large-scale projects in Hungary and Poland with a total value exceeding 500 million euros. Based on this volume, the development fee (remuneration, editor’s note) is then developed,” Brichtová adds to the information about the new addition to the investment group.
The DRFG investment group was founded in 2011 in Brno. He specializes in real estate, telecommunications and financial services. In total, it manages properties with a market value of 25 billion crowns. The largest shareholder of the company is its founder David Rusňák.
