Griffin Real Estate

Griffin Real Estate

Maciej Dyjas, Nebil Senman – Managing Partners

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Opportunistic / Value-Add / Core Plus

Poland

Office projects developed by Echo Investment – one of Griffin’s investment platforms (512,369 sqm completed office spaces) Office projects developed by EPP – one of Griffin’s investment platforms (total GLA 137,000 sqm)

Echo Investment - ca. EUR 420m; EPP – ca. EUR 266 m

Echo Investment - 512,369 sqm completed office spaces; EPP - 137,000 sqm

Retail assets included in Chariot Top Group B.V portfolio that Griffin co-manages Retail projects developed by Echo Investment – one of Griffin’s investment platforms Retail projects owned by EPP, another Griffin’s investment platform

Chariot Top Group B.V. over EUR 464m; Echo Investment – ca EUR 223 m; EPP – ca EUR 1.88 BN

Chariot Top Group B.V. 370 000 sqm; Echo Investment – 637 000 sqm; EPP – 900,000 sqm

Warehouse projects held by European Logistics Investment, one of Griffin’s investment platforms.

Market value of the standing assets amounts to EUR 295 million. Additionally, market value of assets under construction when completed will amount to EUR 171 million.

444,000 sqm of standing assets plus 257,00 sqm under construction

Polcom Group is a dynamically growing provider of premium modular building systems and interiors with proven track record confirmed by numerous executed projects (over 10 projects in prestigious locations, such as London, New York, Seattle, Calgary, Barbados) for leading blue-chip international hotel chains.

Value of hotel building systems and interiors delivered by Polcom Group exceeded EUR 65m and PLN 75m in 2017 and 2019, respectively.

Polcom Group delivered globally ca. 450 and 600 hotel rooms in 2017 and 2018, respectively.

Residential buildings owned by Echo Investment and Resi4Rent – Griffin’s investment platforms.

Echo Investment – ca EUR 282m; Resi4Rent – ca EUR 62.7m

Echo Investment – 326 752 sqm; Resi4Rent – 83 700 sqm

Student Depot -Poland’s leading student housing developer and operator Resi4Rent -the largest residential for rent platform in Poland Griffin Property Finance - the largest non-banking, real estate-related lending platform in Poland

Polcom Group - Poland based manufacturer and provider of modular solutions to the global hospitality sector

Griffin in partnership with PIMCO acquired a 70 pct. stake in Chojnice-based Polcom Group, provider of premium modular building systems and interiors. The transaction value exceeding PLN 1 bn. Griffin Real Estate Partners in cooperation with Kajima Student Housing Limited, a wholly owned subsidiary of Kajima Europe acquired Student Depot in a transaction valued EUR 60m.

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• Purchase of Renoma shopping center in Q4 2012 for ca. EUR 120m • Establishment of the first Polish synthetic REIT (Griffin RE jointly with Redefine), Echo Polska Properties (EPP), with a market cap of over EUR 850m, listed at Johannesburg Stock Exchange and Luxembourg Stock Exchange • Sale of Q22 office building in H2 2016 for EUR 273 m • Exit from Griffin Premium RE… through an IPO worth ca EUR 118m (2017) • Acquisition of four retail assets for EUR 166,6m located across Poland from real estate funds managed by Blackstone executed by EPP • Establishment of leading logistic platform - European Logistics Investment with €0.2bn GAV and further €0.8bn secured in the form of the right of first refusal for logistic projects developed by Panattoni (2018) • Acquisition of a portfolio of 28 retail properties from funds managed by Ares Management L.P., AXA Investment Managers – Real Assets and Apollo Rida. The value of the deal is around EUR 1.0 billion • Acquisition of four major shopping centres (M1 portfolio) valued EUR 358.7 m from Chariot Top Group B.V. executed by EPP (first tranche, 2017) • Acquisition of next four shopping centres (M1 portfolio) valued EUR 224 m from Chariot Top Group B.V. executed by EPP (second tranche, 2019)

2015: GRE, together with Oaktree and Pimco, buys the majority stake in Echo Investment. 2016: GRE brings to Poland a South African REIT, Redefine Properties that, together with Echo Investment, establishes EPP. Later this year, EPP is listed both on the Luxembourg and Johannesburg stock exchanges. December 2017 GRE sets up Poland’s first REIT-type company Griffin Premium RE… In April 2017, GPRE debuts on the WSE. In Q4 2017/Q4 2018, GRE sold its total stake to Globalworth. January 2018: GRE acquires 28 real estate assets (M1 deal). June 2018: GRE and Panattoni establish a leading logistic platform – European Logistics Investment September 2018: GRE, together with Pimco and Echo Investment set up Resi4Rent – the largest housing for rent platform in Poland. Late 2018: GRE and Pimco buy a 70% stake in Polcom, a Poland-based manufacturer and provider of modular solutions to the global hospitality sector. 2019: GRE Partners and Kajima Europe buy Student Depot.

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2010: Griffin starts strategic investment partnership with Oaktree 2014: Griffin sets up a real estate debt fund Griffin Property Finance, majorly funded by capital from Oaktree’s debt fund 2015: GRE, together with Oaktree and Pimco, buys the majority stakes in Echo Investment. 2016: GRE brings to Poland a South African REIT, Redefine Properties that, together with Echo Investment, establishes EPP. December 2017: GRE sets up Poland’s first REIT-type company Griffin Premium RE… In April, GPRE debuts on the WSE, and in 2018, GRE sold its stake to Globalworth. January 2018: GRE jointly with Oaktree, Pimco and Redefine buys EUR 1BN Chariot B.V., a portfolio of 28 retail assets in Poland June 2018: GRE and Redefine establish a leading logistic platform-European Logistics Investment September 2018: GRE, together with Pimco and Echo Investment sets up Resi4Rent Late 2018: GRE and Pimco buy 70% share of Polcom 2019: GRE Partners and Kajima Europe buy Student Depot from Oaktree

Griffin Real Estate does not specify its future plans. However, it carefully monitors the market and looks for prospective niches and opportunities in the real estate market. The company, together with its foreign partners from all around the world, constantly creates new, opportunistic platforms using various revelatory strategies.

Over the last decade, Griffin Real Estate became a trendsetter looking for new trends and areas worth investing and being not afraid to make a foray. GRE established many various innovative platforms such as Student Depot - Poland’s leading student housing developer and operator or Resi4Rent - the first residential-for-rent platform in Poland. GRE creates the Polish real estate market by exploring it and ‘thinking outside the box’. Over the last decade, GRE has been an author of the largest single deals that set new records. The Echo Investment acquisition was the largest real estate transaction in CEE, and the largest transaction in Europe recorded that year. GPRE’s stock market debut was the second-largest listing on the WSE recorded that year, and one-billion-euro-worth M1 deal was the third-largest deal of the year globally. All the milestones made GRE the largest and the most dynamic investment manager in the CEE with over EUR5 billion assets under management.