Griffin Real Estate

Griffin Real Estate is Poland’s largest and most dynamic investor on the commercial real estate market with assets valued at about EUR 5 billion. Its strategic partners are Oaktree Capital Management and Pacific Investment Management Company (PIMCO) and Redefine Properties from South Africa. Aside from its involvement in Echo Investment Griffin holds, directly and indirectly, several yield-generating real estate platforms such as a student housing operator Student Depot, rental housing operator Resi 4 Rent and REIT Griffin Premium RE..
Name of company Griffin Real Estate
Name of President or Managing Director for the region Przemysław Krych – founder & CEO, Maciej Dyjas - Co-Managing Partner & Co-CEO
President or Managing Director for the region profile Przemysław Krych and Maciej Dyjas Managing Partners at Griffin Real Estate. Creators of a number of innovative deals and success as the biggest investor in the local real estate market. Masterminds behind attracting to Poland such investors including South African REIT Redefine Properties, PIMCO, Oaktree, and Globalworth
Description of company and team Griffin Real Estate is Poland’s largest and most dynamic investor on the commercial real estate market with assets valued at about EUR 5 billion. Its strategic partners are Oaktree Capital Management and Pacific Investment Management Company (PIMCO) and Redefine Properties from South Africa. Aside from its involvement in Echo Investment Griffin holds, directly and indirectly, several yield-generating real estate platforms such as a student housing operator Student Depot, rental housing operator Resi 4 Rent and REIT Griffin Premium RE..
Regions active in (in which countries the company operates) Poland, CEE
Portfolio of all properties currently held by your company Griffin owns or manages the assets of PIMCO, Oaktree, Redefine and Globalworth in the following companies:
Echo Investment - The biggest Polish developer.
EPP is a dual listed real estate investment company following the REIT formula. The total value of the EPP portfolio is €1.7 billion.
Griffin Premium RE.. is a REIT-type company established in 2016 by spinning off nine attractive properties from a portfolio created by Griffin Real Estate. Since April 2017, GPRE has been listed on the Warsaw Stock Exchange.
Student Depot is Poland’s first, and largest, network of privately-owned student housing.
Resi4Rent is a housing for rent platform established in 2016. The goal is to build – in the next two to three years – a portfolio of about 6,000 flats for rent.
Griffin Property Finance is the largest and the oldest non-banking institution financing real estate projects.
Griffin also owns directly several properties: Emilia, Centrum Biurowe Raiffeisen, Szucha 6, Eko Natolin, Rosoła 10
Office projects included in the portfolio Centrum Biurowe Raiffeisen, Szucha 6, Rosoła 10.
The value of office properties held by investor (in EUR) Confidential
Retail projects included in the portfolio N/A
The value of retail properties held by investor (in EUR) Confidential
Warehouse projects included in the portfolio N/A
The value of warehouse properties held by investor (in EUR) N/A
The largest purchase transactions between October 2016 and September 2017 (subject of the transaction, its total take up area and value in EUR) Total investment market in Poland in 2017 is projected to be about EUR 4 bln of which Griffin is expected to be responsible for ca. EUR 2 bln in transactions volume - more details in section: ACQUISITION ACTIVITY ACROSS THE CEE REAL ESTATE MARKETS BETWEEN OCTOBER 2016 AND SEPTEMBER 2017
Future plans Next spectacular acquisitions:
To expand the largest network of private student housing;
To expand the existing GRE-controlled entities: Echo Polska Properties, Echo Investment, Griffin Property Finance;
To build a company with the largest rental housing portfolio in Poland.
The value of the funds for the investment, whether the investor is permanently established in countries in the region, the number of employees Griffin Real Estate manages 5 billion EUR worth assets which makes it the biggest investor in Poland’s real estate market.
Acquisition activity across the CEE real estate markets between October 2016 and September 2017 Griffin Real Estate as a founder of the first Polish synthetic REIT Griffin Premium RE.. was able to gain a new strategic investor Globalworth.

Griffin Real Estate and its subsidiaries were engaged in the most spectacular deals on the Polish real estate market, such as :

Echo Investment and Echo Polska Properties signed agreements to jointly buy and jointly develop real property at ul. Towarowa 22 in Warsaw from Griffin Real Estate, The buyers will pay €120 million for the property

Griffin Premium RE.. after it's IPO has contracted to acquire three high-quality office properties from EPP for an aggregate purchase price of approximately €160 million. The office properties are West Gate in Wrocław, Tryton Business House in Gdańsk and A4 Business Park in Katowice. The acquisition is expected to be completed by the end of January 2018. GPRE has also forward funded the acquisition of West Link office in Wrocław and acquired 25% stakes in office development projects in Warsaw (Browary Stage J and Beethovena I&II) in June 2017. This makes GPRE the largest office landlord in Poland. Griffin was the mastermind behind these transactions

EPP accomplished: taking over Galeria Solna in In Wrocław for EUR 55.4 million, acquiring 3 retail assets from Blackstone funds for EUR 141.60 million, and the acquisition of 70% in Wasaw-based Galeria Młociny for EUR29 million
Why the company deserves the award (in a paragraph you can describe the specific achievements of the company) Total investment market in Poland in 2017 is projected to be about EUR 4 bln of which Griffin is expected to be responsible for ca. EUR 2 bln in transactions volume.
GRE successfully manages Oaktree, PIMCO and Redefine’s Polish assets. Over the last year, EPP (where GRE manages Redefine’s holdings) increased the value of its real estate portfolio from EUR1.2 billion to EUR1.7 billion. Echo Investment, the biggest Polish developer, where GRE manages Oaktree and PIMCO holdings, steadily implements its new strategy to become a pure developer and the key player in all real estate sectors: residential, office and retail.
IPO of Griffin Premium RE.., - Griffin Real Estate was the architect of the deal. Griffin has built a unique and diversified property portfolio that became the basis for the creation of Griffin Premium RE and prepared it's IPO. It was the second largest listing on the WSE recorded in 2017. The company is the first REIT-type company listed on the WSE.
Company website http://www.griffin-re.com/en
Name of company
Griffin Real Estate
Name of President or Managing Director for the region
Przemysław Krych – founder & CEO, Maciej Dyjas - Co-Managing Partner & Co-CEO
President or Managing Director for the region profile
Przemysław Krych and Maciej Dyjas Managing Partners at Griffin Real Estate. Creators of a number of innovative deals and success as the biggest investor in the local real estate market. Masterminds behind attracting to Poland such investors including South African REIT Redefine Properties, PIMCO, Oaktree, and Globalworth
Description of company and team
Griffin Real Estate is Poland’s largest and most dynamic investor on the commercial real estate market with assets valued at about EUR 5 billion. Its strategic partners are Oaktree Capital Management and Pacific Investment Management Company (PIMCO) and Redefine Properties from South Africa. Aside from its involvement in Echo Investment Griffin holds, directly and indirectly, several yield-generating real estate platforms such as a student housing operator Student Depot, rental housing operator Resi 4 Rent and REIT Griffin Premium RE..
Regions active in (in which countries the company operates)
Poland, CEE
Portfolio of all properties currently held by your company
Griffin owns or manages the assets of PIMCO, Oaktree, Redefine and Globalworth in the following companies:
Echo Investment - The biggest Polish developer.
EPP is a dual listed real estate investment company following the REIT formula. The total value of the EPP portfolio is €1.7 billion.
Griffin Premium RE.. is a REIT-type company established in 2016 by spinning off nine attractive properties from a portfolio created by Griffin Real Estate. Since April 2017, GPRE has been listed on the Warsaw Stock Exchange.
Student Depot is Poland’s first, and largest, network of privately-owned student housing.
Resi4Rent is a housing for rent platform established in 2016. The goal is to build – in the next two to three years – a portfolio of about 6,000 flats for rent.
Griffin Property Finance is the largest and the oldest non-banking institution financing real estate projects.
Griffin also owns directly several properties: Emilia, Centrum Biurowe Raiffeisen, Szucha 6, Eko Natolin, Rosoła 10
Office projects included in the portfolio
Centrum Biurowe Raiffeisen, Szucha 6, Rosoła 10.
The value of office properties held by investor (in EUR)
Confidential
Retail projects included in the portfolio
N/A
The value of retail properties held by investor (in EUR)
Confidential
Warehouse projects included in the portfolio
N/A
The value of warehouse properties held by investor (in EUR)
N/A
The largest purchase transactions between October 2016 and September 2017 (subject of the transaction, its total take up area and value in EUR)
Total investment market in Poland in 2017 is projected to be about EUR 4 bln of which Griffin is expected to be responsible for ca. EUR 2 bln in transactions volume - more details in section: ACQUISITION ACTIVITY ACROSS THE CEE REAL ESTATE MARKETS BETWEEN OCTOBER 2016 AND SEPTEMBER 2017
Future plans
Next spectacular acquisitions:
To expand the largest network of private student housing;
To expand the existing GRE-controlled entities: Echo Polska Properties, Echo Investment, Griffin Property Finance;
To build a company with the largest rental housing portfolio in Poland.
The value of the funds for the investment, whether the investor is permanently established in countries in the region, the number of employees
Griffin Real Estate manages 5 billion EUR worth assets which makes it the biggest investor in Poland’s real estate market.
Acquisition activity across the CEE real estate markets between October 2016 and September 2017
Griffin Real Estate as a founder of the first Polish synthetic REIT Griffin Premium RE.. was able to gain a new strategic investor Globalworth.

Griffin Real Estate and its subsidiaries were engaged in the most spectacular deals on the Polish real estate market, such as :

Echo Investment and Echo Polska Properties signed agreements to jointly buy and jointly develop real property at ul. Towarowa 22 in Warsaw from Griffin Real Estate, The buyers will pay €120 million for the property

Griffin Premium RE.. after it's IPO has contracted to acquire three high-quality office properties from EPP for an aggregate purchase price of approximately €160 million. The office properties are West Gate in Wrocław, Tryton Business House in Gdańsk and A4 Business Park in Katowice. The acquisition is expected to be completed by the end of January 2018. GPRE has also forward funded the acquisition of West Link office in Wrocław and acquired 25% stakes in office development projects in Warsaw (Browary Stage J and Beethovena I&II) in June 2017. This makes GPRE the largest office landlord in Poland. Griffin was the mastermind behind these transactions

EPP accomplished: taking over Galeria Solna in In Wrocław for EUR 55.4 million, acquiring 3 retail assets from Blackstone funds for EUR 141.60 million, and the acquisition of 70% in Wasaw-based Galeria Młociny for EUR29 million
Why the company deserves the award (in a paragraph you can describe the specific achievements of the company)
Total investment market in Poland in 2017 is projected to be about EUR 4 bln of which Griffin is expected to be responsible for ca. EUR 2 bln in transactions volume.
GRE successfully manages Oaktree, PIMCO and Redefine’s Polish assets. Over the last year, EPP (where GRE manages Redefine’s holdings) increased the value of its real estate portfolio from EUR1.2 billion to EUR1.7 billion. Echo Investment, the biggest Polish developer, where GRE manages Oaktree and PIMCO holdings, steadily implements its new strategy to become a pure developer and the key player in all real estate sectors: residential, office and retail.
IPO of Griffin Premium RE.., - Griffin Real Estate was the architect of the deal. Griffin has built a unique and diversified property portfolio that became the basis for the creation of Griffin Premium RE and prepared it's IPO. It was the second largest listing on the WSE recorded in 2017. The company is the first REIT-type company listed on the WSE.
Company website
http://www.griffin-re.com/en

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