The power in simplicity

It is a simple story, and like many others almost banal, but its power probably lies in its simplicity. The motives behind human actions have not changed for centuries or even thousands of years. Which was why after going to see this performance of Madame Butterfly we talked not only about the stage design and Treliński’s direction, but also about similar contemporary stories and... the acquisition of Echo Investment by a subsidiary of Griffin Topco III (which is controlled by Oaktree) and a fund managed by Pimco. After all, our opera club is strongly rooted in the real estate market and it is difficult not to talk about such down-to-earth topics as work and pay. The transaction, a historic deal for its size alone (PLN 1.2 bln according to market estimates, as we reveal in this month’s ‘Hungry like theGriffin’ article), also marks the closing of a certain symbolic chapter. One of the largest developers in our part ofEuropeis changing owners. The company was started from scratch by a Pole 21 years ago and celebrated the 19th anniversary of its Warsaw Stock Exchange listing in March. The transaction, which has been electrifying the market for the last few months, is now about to reach its finale. In contrast, we also take a look in this issue at investment transactions at the other end of the spectrum. Property purchases with values of up to PLN 20 mln may seem like mere fragments, but they can still be tasty morsels. And while we are on the subject of tasting, I wish you a richly set table this Easter and a welcome break from the daily routine.