TriGranit completes sales in Poland and Hungary

06
Oct
2016
News - TriGranit completes sales in Poland and Hungary #Budapest #CA Immo #Heitman #Hungary #Krakow #office #Poland #retail #Rockcastle #TriGranit

by Ákos Budai | Investment

TriGranit has completed the sale of two assets. Millennium Towers, an office complex in Budapest, has been sold to CA Immo for €175 million and Bonarka City Center, a shopping mall in Krakow has been purchased by Rockcastle. The developer will remain the property manager of both assets.

Millennium Towers
 
TriGranit and Heitman LLC have confirmed the completed sale of the Millennium Towers office complex to CA Immo. TriGranit, the developer of the asset remains property manager of the office complex.

TriGranit has sold a 70,400 sqm complex, comprised of four Class A office buildings within the Millennium City Center in Budapest, Hungary, for €175 million. The transaction is one of the largest ever office deals in the Hungarian market, by both value and gross leasable area. 

Millennium Towers was developed by TriGranit between 2006 and 2011. It serves as headquarters for several multinational companies, such as Vodafone, Morgan Stanley, Oracle, K&H Bank, Lexmark and Nestle. In 2011, an affiliate of Heitman LLC acquired a 74% share in Millennium Towers.
 
Bonarka City Center
 
TriGranit has also completed the sale of Bonarka City Center (BCC) in Krakow to Rockcastle, a property company specializing in retail centres in Central and Eastern Europe. TriGranit, which is owned by TPG Real Estate and was the developer of the popular shopping centre, will remain as the property manager for two years. In addition to managing BCC, TriGranit will remain active in Krakow and is currently developing three office buildings in the ‘Bonarka for Business’ (B4B) area.

TriGranit purchased and re-cultivated a 19 ha abandoned area in the Podgorze district in Krakow, on which BCC, which has a total area of 92,300 sqm, was opened in 2009. TriGranit developed, owned and managed the Bonarka City Center, which has become one of the most popular shopping centres in Poland, and one of the company’s flagship projects. 


Budapest CA Immo Heitman Hungary Krakow office Poland retail Rockcastle TriGranit


Latest news


New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.


Latest news

News - CTP reports record leasing activity in H1 2026
30
Jul
2026

CTP reports record leasing activity in H1 2026

by Property Forum
CTP N.V. signed leases totalling 1,576,000 sqm in the first half of 2026, a 55% increase compared with the same period last year, including a new quarterly record of 813,000 sqm in Q2. Gross rental income rose 12.6% year-on-year to €413.3 million, while annualised rental income reached €858 million as at 30 June 2026. Like-for-like rental growth came in at 4.7%, supported by indexation and rent reversion. Occupancy remained stable at 93%, with a weighted average unexpired lease term of 6.1 years.
Read more >
News - VGP Park Split earns first BREEAM Outstanding rating in Croatia
30
Jul
2026

VGP Park Split earns first BREEAM Outstanding rating in Croatia

by Property Forum
VGP and BuildGreen have secured a BREEAM New Construction V6 Outstanding rating for VGP Park Split - Building A, a 31,984 sqm logistics facility in Dugopolje, near Split, Croatia. The certification is the first of its kind awarded to a building in Croatia and marks BuildGreen's entry into the Croatian market.
Read more >
News - Bratislava office market records steady vacancy in Q2 2026
30
Jul
2026

Bratislava office market records steady vacancy in Q2 2026

by Property Forum
Bratislava's total office stock stands at 1.75 million sqm, with A+ grade space accounting for 22%, grade A for 38% and grade B for the remaining 40%. No new office buildings were completed in the second quarter of 2026, though two projects are expected to be delivered in Q3: Dunaj (8,000 sqm) and Ganz House (9,400 sqm). The Bratislava Research Forum, whose members are CBRE, Colliers International, Cushman & Wakefield and iO Partners, also notes that a methodological change introduced in Q4 2025 now limits the definition of a green building to those whose certifications reflect actual operational performance, focusing on building management, resource efficiency and long-term sustainability.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy