CENTRAL EUROPE Wing and Griffin take 60% of Bauwert
Residentialschedule 20 December 2022
Bauwert has an ongoing development pipeline of more than EUR 2.5 bln in prime Berlin locations and surrounding areas
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Hungarian real estate group Wing together with Warsaw-based private equity manager Griffin Capital Partners have entered into an agreement with Bauwert to buy a 60 pct stake in the Berlin-based developer.
The remaining 40 pct of Bauwert's shares will remain in the ownership of existing shareholders. Wing will take a controlling interest in the company, which will continue to operate its current business model of developing residential and commercial properties. It will continue to be represented by the three members of the executive board: Jürgen Leibfried, Michael Staudinger and Daniel Herrmann.
Bauwert is a leading developer focused on Berlin, with an established, widely recognized and
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