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 changing its name to Globalworth Poland Real Estate N.V. Back in November, Investment fund Globalworth Real Estate Investments secured 67.9 percent stake in the company after a tender offer.