Griffin Group has acquired the Jupiter shopping center from Spanish investor Catalunya Banc. The deal was reportedly signed at the end of 2013, but both sides agreed to keep it confidential until this week. Knight Frank represented the seller. Przemysław Krych, CEO of Griffin Group, considers the property an attractive asset thanks to its prime location and the potential to increase its value. He adds, however, that Griffin has no plans to modernize the property any time soon. “We’re not in a hurry to start a new investment at the moment, but we are considering three new concepts for Jupiter, which may add up to 80,000 sqm of new commercial space to the scheme, including both retail and office space,” Krych says.
