Griffin Premium RE.., a REIT-like company listed on the WSE, is an owner of prime office and mixed-use high-street properties located in the center or on the main streets of the largest cities in Poland. These buildings generate stable income thanks to high occupancy rates and long-term contracts with prominent tenants. GPRE plans to regularly share its earnings with shareholders, paying out approximately 65% of funds from operations in dividends.
GPRE has also forward funded the acquisition of the West Link office in Wrocław and acquired a 25% stake in office development projects in Warsaw (Browary Stage J and Beethovena I&II) in June 2017. In early Q4 2017 GPRE signed the preliminary share purchase agreements for 3 yielding office projects in Katowice (A4 Business Park), Wrocław (West Gate) and Gdańsk (Tryton Business House) at the total GAV of approximately €160 million. This makes GPRE the largest office landlord in Poland.
