CatalunyaCaixa Inmobiliaria Sells a Plot in Warsaw to Griffin

18/03/2014 – El Mundo

CatalunyaCaixa Inmobiliaria has sold a land plot of 24.825  square meters in Warsaw (Poland) to Griffin Real State for €32 million, as Europa Press confirmed.

(…) Together with the plot, Catalunya Banc delivered to Griffin construction rights and the whole real estate project that involves future redevelopment of the area and raising a housing complex including office buildings, parking lots and trading premises.

In 2013, CX Inmobiliaria marketed about 6.000 properties earning €680 million. The company received three firm offers from 50 potential candidates and finally chose Griffin.

After breaching the contract on purchasing CX Inmobiliaria by Kennedy Wilson and Värde Partners, Catalunya Banc put its real estate branch for sale again. The firm manages assets worth of €8.700 million and Magic Real State is already rubbing hands to acquire it.


Original article: El Mundo (Europa Press)

Translation: AURA REE