TriGranit officially sold

Luxembourg-based investment fund TPG has announced the purchase of the real estate developer TriGranit. The value of the contract was not revealed. "I believe that TPG Real Estate is a perfect buyer thanks to a great experience that it can contribute to TriGranit," said Sándor Demján, the founder at the CEO at TriGranit. The transaction is expected to be completed by the end of 2015. Such firms as Bonarka Residential, Bonarka Offices, Bonarka City Center, Energit, Poznań Office Center, Silesia Offices, Silesia Offices andTrigranit Development Polska will be bought. Nevertheless, not all the pieces included in Trigranit portfolio will be acquired, for instance  WestEnd City Center in Budapest it to be transfered to Gránit Management. TPG portfolio is worth $6 billion.