The time, the place... and a lot of money

Przemysław Krych, the president of the board of Griffin Group: We have just closed a debt fund worth EUR 200 mln, which will start operating soon. A well-known manager from the real estate financing sector has been employed to be in charge of it. However, it will not be a mezzanine fund. We are interested in granting typical debt financing and will compete against the banks in this field and plan to be more aggressive in terms of LTV ratios and the speed of decision making. We will be able to finance anything – from the purchase of land to development projects, to the refinancing of real estate. And what about Griffin’s own projects? When is the Koszyki project in Warsaw starting? Preparation work for the launch of the project is still in progress. We are at the final stage of selecting the general contractor for the construction of Hala Koszyki and are finalising negotiations over the bank financing. We have already managed to reach agreements with future tenants for ap