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Two developers make list’s top 10 |
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Sunday, 28 February 2010 |
Hungary’s biggest construction company
TriGranit has been ranked the fourth
largest developer in Europe by industry
periodical PropertyEU.
The magazine ranked companies by the value of
their planned investments. “Our good strategy has
been backed up by the fact that TriGranit jumped
four places last year,” founder and President
Sándor Demján said, adding that as a result of
taking the necessary steps in time, the company
had been able to prepare to take a market leading
position, rather than internally managing the
crisis. TriGranit has carried out projects worth
EUR 2 billion in the past and is planning to invest
a further EUR 4 billion in the property market.
Futureal
The Hungarian-owned property developer
Futureal ranks tenth on the list. With current or
completed real estate development projects worth
EUR 500 million and developments in the
preparatory stage worth an additional EUR 1
billion, Futureal, ranked 20th last year, jumped ten
spots. “It is especially gratifying for us that we’ve
not only held on to our prior position, but that
we’ve actually soared up the latest rankings of top
European developers. I’m confident that this
achievement will buoy Futureal Group’s positive
image and give us further impetus to continue
with our future plans,” said Futureal Group CEO
Gábor Futó in a statement. Futureal currently
manages 11 real estate development projects, the
total area of which tops the 300,000 square metre
mark. Additionally, Futureal is making preliminary
preparations for nine brand new development
projects. The company’s portfolio includes Corvin
Promenade in Budapest’s District VIII, which it
calls Central Europe’s biggest urban renewal
programme.
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