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Griffin Premium to change name, raise €400M in capital

Griffin Premium RE is rebranding as Globalworth Poland and will change its name to Globalworth Poland Real Estate NV.

The office-focused real estate investment trust is also planning a €400 million capital raise to further its expansion into Poland. The REIT is in talks for roughly 300 million of acquisitions.

Further, Growthpoint Properties Ltd. CEO Norbert Sasse and head of corporate strategy George Muchanya have both been nominated to Griffin Premium's board. Nonexecutive directors Maciej Dyjas and Nebil Senman are also planning to step down from the board.