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Griffin Group and Immobel have purchased 7 investment plots in Polish cities

Panorama Warszawy, PZ Studio

Ruch SA sold Griffin Group and Immobel 7 investment plots, which allow for the construction of up to 150 sqm, on which office and retail space will be constructed.Five plots are in Warsaw (on the corner of Wronia and Prosta streets, at ul. Jana Kazimierza, ul. Kierbedzia, ul. Krakowskiej and ul. Duracza ), one is in Gdansk (at ul. Kopernika) and one in Krakow (at al. Pokoju).

In the purchased real estates, 85 percent of development potential is located in Warsaw, thus guaranteeing a diversification between the capital and the other two large cities (Cracow and Gdansk).

The transaction is a part of the both partners’ strategy which involves a geographic diversification of their investments portfolio. The strategy was initiated by Griffin Group in December 2010 (the company purchased a 37-ha plot in Wilanow, nearby Park Natoliński), and by Immobel in February this year (taking over development projects in Warsaw and Poznan).

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