Jury Awards

The shares of Griffin Premium RE.. N.V. successfully debuted on the Warsaw Stock Exchange on Thursday, 13 April 2017, making it the first REIT-type firm listed on the WSE. The total value of the public offering of shares of Griffin Premium RE.. was over PLN 508 million (about EUR 118 million), and it was one of the largest IPOs on the Warsaw Stock Exchange in recent years. Griffin Premium RE.. is a REIT-type company established in December 2016 by spinning off nine attractive properties from a portfolio created and managed by Griffin Real Estate, the leading and most dynamic investor in the CEE commercial real estate market. At present, GPRE’s portfolio includes six pure office and three mixed-use high-street properties. All of them are located in prime locations in five Polish cities: Warsaw, Wrocław, Łódź, Cracow and Katowice. They were valued in excess of €0.5 billion as of 30 June 2017. 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. The company's strategy sees expansion of the property portfolio, including further acquisitions of projects meeting stringent criteria, delivering attractive and stable returns to the company’s shareholders. 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.