Being first means three things: opportunity, risk and responsibility. Pioneers pave the way and set the example. They choose to walk the rugged, unknown road in the hope of finding success. In 1995, it is this road that newly founded Granit Polus chose when, under Sándor Demján’s leadership, it developed Hungary’s first Class “A” office building, the Bank Centre Budapest. The unprecedented breakthrough was followed by yet another pioneer step with the delivery of the region’s first Western-style shopping centre – Polus Center Budapest.
Granit Polus Group, now encompassing a fully integrated real estate development and management business, was established almost 20 years ago. In the last two decades, the company has established a reputation for delivering major, highly successful retail, office and residential projects across seven countries.
We are able to provide the full range of development management services, covering the entire development process:
In parallel to the above mentioned phases of development, we are able to provide during the development period:
We have a strong track record of successfully managing real estate assets both internally owned by the group and externally by third parties.Our goal is to fully understand owner’s expectations regarding the given asset, based on which we maximize value by adapting the most suitable
property management and exit strategy.
Using our expertise and comprehensive market knowledge, we deliver an efficient, professional property management service that is individually tailored to our client’s needs.PM activities consist of the following tasks:
Leasing is not only about achieving the targeted occupancy level, it is choosing and delivering the right tenants, maximising the rental income, and implementing long term sustainability.
Granit-Polus Group is operating and managing financial activity of more than 50 legal entities in 9 different countries. The core financial functions including accounting, cash-flow management and controlling are managed centrally in order to efficiently control the financial position of all companies belonging to the Group.
The Group is using an integrated management information system across its portfolio in order to standardize the property management and financial functions. The system was originally developed by Microsoft, but our Group has the license to implement further developments to more efficiently manage any kind of request within the organization.
The following range of services covers the entire financial activity of Granit-Polus Group:
Defining and communicating the Brand; this is the key guideline for us providing the following marketing communication services:
Granit Polus has an in-house legal department, consisting of four full time lawyers admitted to the Budapest Bar Association, plus a junior lawyer and a legal assistant. The legal department provides a comprehensive service for the group, including corporate, employment, M&A, banking & finance, compliance, permitting and most importantly, real estate. According to the policies of the group, all transactions concluded by any entity within Granit Polus require a written contract approved by finance and legal department, and most of the documents are prepared in-house.
In addition to the lawyers engaged in the head office, all projects have dedicated lawyers, supervised from the headquarters and external lawyers are also frequently engaged for specific transactions, also working under instructions of the legal department.
The in-house lawyers participate in project and departmental meetings and assist the group in establishing guidelines for corporate governance and internal policies and procedures and supervise implementation thereof. They also assist in corporate liaisons with shareholders and directors, prepare resolutions and minutes of their meetings.