Griffin Property Finance (GPF), the first mezzanine real-estate investment fund on the domestic market, announced plans to spend €250 million ($390 million) in Poland and other countries in Central and Eastern Europe.
“We are interested in projects, which already have confirmed support from banks, but we can also help with those at the initial stage of buying land. We want to cooperate with large and medium sized developers from CEE. Our main area of interest is Poland, but we are following the footsteps of our clients who also have projects in other countries,” declared GPF’s senior partner, Helmut Fischer.
Griffin Property Finance’s capital comes from one of the largest governmental funds from the Persian Gulf as well as financial institutions from Western Europe. The value of a single investment project of the company ranges between €2-50 million. It was revealed that several letters of intent have been signed with developers worth between €100-150 million, but no names were disclosed. (Warsaw Business Journal)