Indirect takeover of 65,99% of Echo Investment SA’s real estate portfolio by a Fund managed by Griffin. The total book value of the properties is 6,5 billion PLN.

Award: Investment Deal of the Year, CEE
Name of the deal: Indirect takeover of 65,99% of Echo Investment SA’s real estate portfolio by a Fund managed by Griffin. The total book value of the properties is 6,5 billion PLN.
Value of the transaction (in EUR): confidential informati
Yield: confidential information
Seller, plus brief information about the company: Echo Investment
Consultancy which advised Seller: Colliers, Ernst&Young, White & Case
Purchaser, plus brief information about the company: Griffin is a dynamically growing investment group operating on the real estate market in CEE region. The Group was founded in 2006 and has been actively investing in Poland, Germany and Ukraine.
Consultancy which advised Purchaser: Colliers, Weil, Gotshal & Manges BCLA Bisiorek,
Financing institution: PZU
Current occupancy level: 100%
Please say why this deal should be considered for the award: Acquisition was the largest transaction on the Polish real estate market in recent years. The total book value of the properties (data of 31.12.2014) is 6,5 billion PLN. Portfolio includes ca. 21 commercial properties, among them shopping centres such as Galeria Echo in Kielce, Galeria Galaxy in Szczecin or Pasaż Grunwaldzki in Wrocław, as well as office buildings, i.a. Malta Office Park in Poznan, Park Rozwoju in Warsaw, A4 Business Park in Katowice and West Gate in Wrocław. Moreover, the portfolio includes ca. 30 properties at development stage, with Centrum Handlowe Kościuszki in Katowice and office projects such as Tryton in Gdansk, Opolska in Kraków and the key project Q22 in Warsaw being the most prominent examples.”


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