"I am thrilled that we have successfully completed this pivotal acquisition, which paves the way for new opportunities. TriGranit has a nearly 30-year history and boasts extensive references in the development field. This will bolster our market position and provide us with valuable expertise. A critical aspect of this acquisition is that the experienced management, which has been with the company for almost 20 years, will remain," says Roman Řezníček, CEO and shareholder of the investment group DRFG.

The two companies already have an existing relationship. Since last year, they have been jointly developing an extensive logistics park in the group’s portfolio, located in western Poland. TriGranit will implement DRFG group projects and continue previously contracted projects such as Millennium Gardens in Hungary and Bonarka for Business in Krakow, Poland. Additionally, TriGranit will continue working with Revetas group on ongoing developments.

“Soon, we will launch the development of three major residential projects in the Czech Republic: Smetanka Park in Olomouc, Ister Tower in Bratislava, and 3 Dvory near Brno. TriGranit will play a significant role in all of them. Going forward, combined with our capital, we aim to build TriGranit into a platform that attracts a broader portfolio of investors, including those outside the DRFG group. We also plan to expand cooperation with existing institutional investors,” outlines Jan Pelíšek, Director of Real Estate Development CEE, DRFG.

“We are excited about the bright future ahead for TriGranit as part of the DRFG family. Under the stewardship of Revetas Capital, we managed to weather the COVID crisis and geopolitical challenges in CEE while completing the landmark Millennium Gardens office complex in Budapest. With new ownership, we will be focusing on new development opportunities and expanding our geographic footprint,” says Tom Lisiecki, CEO of TriGranit.

"I am delighted that TriGranit is transitioning to an investor who truly values and recognizes the expertise and dedication of TriGranit’s entire team of professionals, which has been instrumental to our development projects over the past 5 years. Since our acquisition of TriGranit from TPG in 2018 together with the Keystone portfolio we have brought new management to the group, Trigranit has completed the Iconic award winning 37,200 sqm GLA  Millenium Gardens office complex in Budapest, repositioned over 90,000 sqm of office development land to close to 2,000 apartments, amongst other successes. We are confident that under DRFG’s umbrella, they will continue to thrive and achieve new heights,” adds Eric Assimakopoulos, Founding Partner at Revetas, the seller.