| Project Detail |
Project Description Investment in an IPO of a Netherlands-based and Dutch law governed real estate investment trust (REIT), Griffin Premium RE..N.V. (the Company). The IPO enabled the Company to diversify its shareholding base and attract further capital for expansion. Post money, the Company owns a seed portfolio of 9 income producing real estate assets (6 pure offices and 3 high-street mixed-use), a 25% equity stake with right of first offer in 3 office assets under development, and 100% equity stake in one forward purchase office asset under development. The assets are located across Poland. Project Objectives The investment enabled the Company to create a Dutch law governed REIT-like vehicle, as a new asset class in Poland, and the first such instrument to be listed on the Warsaw Stock Exchange, ultimately aiming to become the first REIT operating under the new Polish REIT law, expected to be adopted in 2018. |
