Services

• Real Estate Development

  We are able to provide the full range of development management services, covering the entire development process:

  1. Preconstruction:
     1. detailed feasibility analysis and market research;
     2. detailed review and analysis of the planned timetable and assessment of the need for any further third party service providers;
     3. due diligence on key risks related to permitting and environmental issues;
     4. analysing infrastructure and permitting risks.
  2. Design:
     1. brief to a third party architect in order to have the design concept in place;
     2. preliminary pro-forma Budget based on concept design;
     3. supervision of the conceptual design, building license, permits and tender design of the Project, excluding any zoning changes which may be required.
  3. Construction:
     1. Services related to the tendering, supervising and coordination of construction works, in both a) construction management and b) general contractor alternatives.
  4. Completion:
     1. Commissioning, assigning and taking-over of the Project

  In parallel to the above mentioned phases of development, we are able to provide during the development period:

  • Third Party Finance Procurement Advisory Services
  • Leasing and Marketing Services
  • Sale and Disposition Agency Services

   

• Asset Management

  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.

  • Our track record includes the asset management of over 10 shopping malls in 8 countries in the CEE region and Russia
  • The company has been asset managing a significant portfolio of office buildings
  • Other miscellaneous real estate assets under management include Hilton Budapest City, Budapest Sports Arena, Korda Film Studios and Tököl Airport
  • We have successfully taken over and turned around distressed assets within the region, including refinancing and restructuring

• Property Management

  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:

  • Management tasks:
    • customer and tenant relations
  • Administrative tasks:
    • coordination of subcontractors and service providers contracts
  • Technical operations:
    • preventive maintenance
    • repairs
    • Capex management
    • authority relations
  • Gardening:
    • full care of indoor and outdoor plants and gardens
  • Cleaning:
    • full indoor and outdoor cleaning services
  • Security:
    • security concept development
    • providing security stuff

• Leasing

  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.

  • Advising the Client on positioning
  • Bespoke Leasing strategy
  • Leasing brokerage management for the defined sector
  • Tenant management on ongoing contracts
  • Leasing market review on annual basis
  • Advising on key legal and commercial lease terms and conditions
  • Tapping into Granit Polus’s network of 1,000 international retail contacts

• Finance

  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:

  • Accounting services in accordance with local regulations
  • Group level consolidation under IFRS
  • Controlling services including management reporting, budgeting and performance analysis on regular basis
  • Administration of property management activity: leasing agreements, utility measurement and invoicing, property database management, etc.
  • Financial administration of supplier contracts and invoices
  • Cash-flow management
  • Debt collection management
  • Tax planning and tax administration
  • HR administration
  • Inter-company & bank loan administration
  • IT administration

• Marketing & PR

  Defining and communicating the Brand; this is the key guideline for us providing the following marketing communication services:

  • Industry awareness programs
  • Representation at trade exhibitions
  • Branding and positioning
  • Running industry standard market researches
  • Strategies development and implementation
  • Tenant Relationship Management
  • Define the project’s marketing rules and procedures
  • Perform the marketing audit – evaluation of facts; KPIs and benchmarks
  • Grand opening campaigns
  • Post-opening marketing actions
  • Define and control the marketing budget
  • Define staffing

• Legal Administration

  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.

Portfolio

Trackrecord

• 1000
  Cross Border Tenants
• 1.0 Million
  M2 GLA
• € 1.0 Billion
  In Asset Value
• 70.0 Million
  NOI
• 110 Million
  Total Visitors Per Annum

Contact Us

• Corporate Head Office

  
  1062 Budapest, Váci út 3. Hungary
  Phone: +36 1 374 6500
  Email: info@granitpolus.com
  

• Granit Polus Zagreb d.o.o.

  
  Zadarska 80/ IV kat, 10000, Zagreb, Croatia
  Phone: +385 (1) 500 5055
  

• Granit Polus Development Llc.

  
  Malomoskovskaya, 10, Moscow, Russia 129164
  Phone: +7 (495) 640 24 34
  

• Emonika d.o.o.

  
  Trg OF 5a, 1000 Ljubljana
  Phone: +386 1 620 2450
  

• Granit Polus Management Romania S.R.L.

  
  Str. Piata Sporturilor, nr.10, bl.25, ap.41 Arad, 310167, Romania
  Phone: +40 357 444 100