March 27, 2017

EBRD intends to buy shares of Griffin Premium RE in public offering

EBRD intends to buy shares of Griffin Premium RE in public offering

Dorota WysokiƄska-Kuzdra, CEO of Griffin Premium RE, commented: “We are very pleased with the agreement signed with such an important institution as the European Bank for Reconstruction and Development. We are particularly pleased that the EBRD is considering participating in the IPO of the first company operating with the REIT business model on the Polish market in the pure office and mixed-use office/retail segment. The EBRD’s interest confirms that our offering is attractive for investors seeking stable, regular, predictable returns. We hold a portfolio of well-located properties worth over €500 million, generating stable income due in part to a diversified base of reliable tenants and long lease terms, enabling payment of regular dividends attractive to both institutional and retail investors.”

According to the framework agreement, EBRD may acquire shares in the Offering representing no less than 5 percent and no more than 10 percent of the share capital of the Company for the PLN equivalent of up to €20 million.

The public offering of shares of Griffin Premium RE.. includes up to 22,201,267 new shares and up to 59,108,251 existing shares sold by the existing shareholders, i.e. entities indirectly controlled by the global investment fund Oaktree Capital Group LLC. The existing shareholders have also undertaken to sell up to 7,857,705 shares in the over-allotment option. Before completion of book-building, the existing shareholders may decide to increase the number of sale shares by a maximum of 26,786,383 shares. It is anticipated that the free float of the shares following the offering will range from about 51 percent to 74 percent.

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