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TPG Real Estate Acquiring TriGranit

LONDON—Parties say the deal will provide capital to fund future growth of TriGranit's retail and office platform in Central Europe, and will include a portfolio located primarily in Poland.

By David Phillips | Updated on August 10, 2015

 LONDON—TPG Real Estate has reached an agreement to purchase TriGranit, one of Europe’s largest, privately-owned developers and managers of retail and office assets. Under the terms of the agreement, TPG Real Estate will acquire TriGranit’s development and asset management platform as well as a portfolio of high-quality assets located primarily in Poland.

As part of the acquisition, TPG Real Estate intends to commit additional capital to fund future growth and to strengthen TriGranit’s balance sheet to create a leading real estate investment, development and management platform in central Europe. TriGranit’s existing management team will remain in place.

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