Locked content Globalworth with €450 mln private placement

WSE-listed real estate developer Globalworth Poland (formerly known as Griffin Premium RE) is launching a private placement offer of up to 350 million new shares and plans to raise at least €450 million, the company said in a market filing. The company’s main shareholder, Globalworth Real Estate Inv...

Globalworth acquires Warsaw’s Warta Tower for €55 mln

Investor Globalworth Poland (formerly Griffin Premium RE) has finalized its acquisition of the Warta Tower office building in central Warsaw for €55 million. The 21-floor property, which was completed in 2000, comprises approximately 28,000 sqm of GLA with Warta Insurance being the anchor tenant.

Locked content Griffin Premium RE with €31.3 mln net profit fir 2017

WSE-listed REIT-like company Griffin Premium Real Estate reported €31.32 million consolidated net profit in 2017 compared with €12.24 million profit a year earlier, the company said in its financial report. Net operating profit from investment property (NOI) stood at €31.73 million versus €23.1 mill...

Locked content Griffin Premium plans €400 mln private placement. Will change name

WSE-listed REIT-like company Griffin Premium RE, plans €400 million private offer addressed mainly to the company’s major shareholders with an over-allotment option in the case of significant investor demand. The company’s management board will also propose to the extraordinary general meeting chang...

Locked content Globalworth secure 67.9% stake in Griffin Premium RE

Investment fund Globalworth Real Estate Investments secured 67.9 percent stake (106 mln shares) in WSE-listed REIT-like Griffin Premium RE at PLN 5.5 apiece. This means that the maximum threshold set in the tender has been met and the sale will go through. Back in October, Globalworth signed an agre...

Locked content Gfiffin Premium with PLN 8.3 mln Q3 profit

WSE-listed REIT-like Griffin Premium Real Estate had PLN 8.3 million net profit in Q3, which is 171 percent y/y increase. EBIT stood at PLN 31.9 million, up 44.6 percent y/y, while revenues from rental amounted to PLN 7.9 million compared with PLN 5.8 million a year ago. The company also announced t...

Locked content Griffin Premium RE with Q1 loss

Recently listed real estate company Griffin Premium Real Estate had a PLN 22.17 million consolidated net loss in Q1, including €22.5 million net loss on valuation losses. Last year the profit stood at PLN 3.43 million. Consolidated revenue from rentals amounted to €5.9 million, up from €5.74 the yea...

Locked content EBRD buys 9.48 percent stake in Griffin Premium RE

The European Bank for Reconstruction and Development acquired a 9.48 percent stake in WSE-bound real estate firm Griffin Premium RE IPO. The transaction was worth PLN 84.4 million. The company will begin its trading on the Warsaw Stock Exchange on April 13. After the IPO, the free float will reach a...