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BRATISLAVA, SLOVKIA-Hungary-based developer TriGranit is planning a €1.3bn entertainment, commercial and conference centre, Metropolis, on a 30-hectacre site south of the Slovakian capital of Bratislava. Las Vegas-based Harrah’s Entertainment, the world’s largest gaming entertainment company, is one of the operators planned for the complex. Construction is expected to take almost five years.

The site is located at the intersection of highways to Vienna, Bratislava, Budapest and Prague, with four international airports nearby. Triganit says Metropolis will boost Slovakia’s tourism spend and visitor numbers. Metropolis is planned as a multifunctional development with GBA of over 1.2 million square meters to include retail, leisure, Aqua Park, golf, hotels, casinos and cultural facilities, comparable to the Las Vegas leisure and entertainment complexes. The 29-million population of the 220 kilometer catchment area is the main target group, but the development is also expected to serve visitors from all over the world. Trigranit entered Slovakia over 10 years ago and has since developed a number of large projects, including Millennium Towers and Lakeside Park.

Separately, Trigranit named Arpad Torok as its new CEO to replace Lorant Varga, who has left the company. Trigranit said shareholders chose a new CEO to develop an adequate corporate strategy to meet the ongoing challenges of the changing world economy.

“The new environment needs new strategy, new impetus, and new management style,” a statement says. “Trigranit has always been keen on providing young colleagues with professional challenges.”

Torok joined Trigranit in 1999 and in 2006 became chief leasing officer and development director for projects in Romania. Trigranit is an integrated investment, development and management company with operations in seven CEE countries, a portfolio of assets, and a pipeline of over €4 billion of major mixed-use developments.

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