Griffin Real Estate has issued PLN 147m in bonds on the Warsaw Catalyst market, marking its first-ever foray into the country’s capital markets. “The vast majority of the funds from this emission will be used to expand our student housing chain,” said Maciej Dyjas, Co-CEO Griffin Real Estate.
The company had just announced its acquisition Duet, a student housing project that it will add to its Student Depot chain. Located in the city of Lublin, the Duet building offers 232 rooms in two 6-storey buildings.
Dyjas added that Griffin Real Estate will continue with its plan of acquiring a mix of standing assets as well as selected development companies. “Entering Catalyst is a natural step for us. Until now we have been using our own equity, or the equity of our partners: PIMCO, Oaktree and more recently Redefine Properties. But our ambition is growing and these funds will help us to achieve our investment goals,” said Przemysław Krych, CEO Griffin Real Estate.
