Joint venture between a fund managed by the Real Estate Group of Ares Management Corporation and Griffin Real Estate announced today the acquisition of a 98.04 percent stake in Murapol, a leading Polish property development company. The value of the deal was not disclosed.
Murapol is one of the most active residential developers in Poland, having sold nearly 3,700 apartments in 2019. With a highly-integrated value chain, Murapol is focused on delivering affordable units to a broad segment of the Polish residential market throughout the country’s largest cities.
At present, Murapol has a large pipeline of approximately 17,700 units under development.
(WBJ)