Mr. Sándor Demján, founder and chairman of Granit Polus Group was an exceptional entrepreneur and business magnate. In 1976 he introduced the department store called Skála, the first Western European style shopping mall to the Hungarian market. The enormous success of the first Skála store gave him the leeway to expand and he quickly built it into a chain of 67 department stores covering the entire country.
In 1987, Mr. Demján took on a new challenge when he was asked to build up the country’s first commercial bank. The Hungarian Credit Bank channelled USD 1 billion into Hungarian economy which helped International companies to acquire and capitalize Hungarian enterprises.
Afterwards, he played important roles in; forming the Hungarian economy in a more flexible environment and opening the domestic market towards the world economical influences. Accordingly, he actively participated in setting up the effective diplomatic and commercial relations with South Korea and Israel.
Among his many financial investments from the mid-1990s, his real estate portfolio gained higher focus. Mr. Demján, understanding the opportunity, founded Granit Polus Group, which was the first regional commercial real estate development company in Hungary
“Being the first” had always been a motto of Mr. Demjan and this has been proven as follows; His first venture was to build the highly successful Bank Centre, the first A-class office building in Hungary. Building Pólus Centre and setting up a joint venture with Mr. Peter Munk, Canadian entrepreneur, the Chairman of TrizecHahn, meant the introduction of the first “state-of-the-art” shopping malls in Hungary.WestEnd Citycenter, the first city centre concept, the Palace of Arts, the first PPP for a cultural building or being the first Hungarian developer who stepped over the border are great examples of Mr. Demján’s ambitious and successful carrier path.
In addition to his business initiations, he established the Prima Primissima Prize in 2003 which has been the first prize for outstanding individuals of culture, sport and architecture donated from private equity funds. Anticipating the need of his personal involvement in the philanthropic activity, after several decades of successful business life, he launched the Sándor Demján Foundation.
As a result of his selfless efforts in supporting domestic culture and the relieving of the needy, he was awarded the Prize for Human Dignity. In 2013, as a recognition of his merits, the Government of Hungary awarded him with the Grand Cross of the Hungarian Order of Merit.
The founder and the chairman of Granit Polus Group passed away in March, 2018 and will be greatly missed.