Gránit Asset Management is pursuing a focused investment strategy across a corridor of Central and Eastern European capitals. In this interview, Álmos Mikesy, CEO of Gránit Asset Management, explains the thinking behind the firm’s “5B Strategy”, why high-quality offices remain a core part of the portfolio and where the company sees the best entry opportunities as the regional real estate cycle begins to shift.
Your investment focus is clearly defined geographically. How do you decide which cities truly have the scale, liquidity, and long-term fundamentals to justify sustained capital allocation?
Our approach is governed by what we call the 5B Strategy, targeting five key capital cities:
• Budapest,
• Belgrade,
• Bucharest,
• Bratislava, and
• Vienna (Bécs in Hungarian).
We chose these markets because they form a compact, high-growth corridor that serves as a strategic bridge between Western Europe and fast-developing eastern economies.
Rather than building globally dispersed portfolios, we concentrate where we can maintain deep local knowledge and operational control. While international institutional players often view individual CEE markets as too small on their own, we present them as a unified, scalable investment universe that offers a rare combination of EU-standard legal security and yields that remain significantly more attractive than mature Western markets.
