JLL advise TPG on the acquisition of TriGranit, one of the leading developer in CEE
December 10, 2015
TPG Real Estate, the real estate arm of global private investment firm TPG has closed its acquisition of TriGranit, one of the main fully integrated, real estate platforms in Central Europe. As part of the transaction, TPG acquired the platform along with a portfolio of office and retail assets located in Poland (Bonarka Shopping Centre, B4B), Hungary (Millennium City Centre Offices) and Slovakia (Lakeside Park office building, Metropolis – 47,5 ha land near Bratislava) with additional development sites in the same countries and Croatia.
JLL advised TPG in the transaction.
Benjamin Perez-Ellischewitz, Head of Capital Markets, JLL Hungary commented: “This transaction is a landmark platform deal for the CEE region and our role illustrates the capacity of the JLL CEE Capital Market advisory team to advise on multi-country and multi asset classes deals. Investor appetite for portfolios and platform deals is strong and we expect more of the like in the coming months”.
This transaction, one of the largest in the region this year is a significant contribution to the total CEE volume expected at a level of EUR 8 bn for 2015.
JLL
