12:29 20 December 2022
WING Group and Griffin Capital Partners acquire shares in Berlin-based BAUWERT AG
The Berlin-based property developer firm BAUWERT AG is entering a strategic partnership with the Hungarian WING Group, as well as the international investment & asset manager Griffin Capital Partners. For this purpose, the three companies signed an agreement under which WING and Griffin will together acquire 60% of BAUWERT’s shares. The remaining 40% will be kept in ownership of the existing shareholders. WING Group will have a controlling interest in the company.
Nebil Senman, Managing Partner at Griffin, says “BAUWERT is a leading developer focusing on Berlin, with an established, widely recognized and excellent management team, which we have known for many years. Expanding our presence in Germany has been on our radar for some time. It is an important part of our international strategy, so we are delighted that this is now taking place".
“Following our successful partnership with WING on the Polish market, we look forward to expanding our cooperation to Germany, which we believe should be one of the most resilient over time. We hold in highest regard the experience and skill of the BAUWERT executive team, and we are excited about our future cooperation,” adds Maciej Dyjas, Managing Partner at Griffin.
(WBJ)
