Griffin Real Estate is in talks to take over two more development companies on the Polish market, according to news reports. Przemyslaw Krych, CEO of the fund, said the first transaction is expected to close by the end of the year. The news comes just weeks after the fund applied to Poland’s anti-monopoly regulator to take controlling stakes in the Warsaw Stock Exchange blue chip developer Echo Investment and PKO’s Qualia Development. The move is the latest of a growing trend in which Polish developers have become investment targets for a variety of capital sources.
