Griffin Capital Partners helps EPP with sale of 70% share of Towarowa 22

Griffin Capital Partners has acted as a transaction manager and advised EPP on the sale of the 70% share of Towarowa 22 to AFI Europe, which is historically one of the largest land transactions in Poland in terms of value, with the total plot value exceeding €180 million. The transaction completed on June 8 was one of the key parts of implementing EPP’s new strategy, focused i.a. on reducing the leverage on the company’s balance sheet.

“We are pleased to be a transaction manager and EPP’s adviser in the disposal of Towarowa 22, which is an important step in the implementation of their new long-term strategy. We wish the JV partners great success in the realization of this landmark project in the heart of Warsaw’s city center. We are sure that Towarowa 22, with a city park encircling a modernist pavilion and unique design of surrounding developments, will add to the ongoing changes in Warsaw's Wola district and will be another destination project in this part of the city,” Maciej Dyjas, Managing Partner at Griffin Capital Partners, said.

(WBJ)