Griffin Premium RE.. N.V. (WSE:GPR) entered into a preliminary agreement to acquire Tryton Business House in Gdansk, A4 Business Park in Katowice and West Gate in Wroclaw from Echo Polska Properties N.V. (JSE:EPP) and Echo Polska Properties (Cyprus) PLC for €160 million on October 3, 2017. For the year ended on June 30, 2017, portfolio reported a net operating income of €9.8 million. The acquisition is subject to completion of the acquisition of at least 50% plus one share in the share capital of Griffin Premium by Globalworth Asset Managers SRL and/or Globalworth Real Estate Investments Limited, the receipt by the Echo Polska Properties of the originals, and by the Griffin Premium of copies, from the relevant financing banks of a payoff letter(s) specifying the amount to be paid to the financing banks upon the completion of the transaction to discharge the in-place financing and the approval of the acquisition of shares by the general meeting of shareholders of Griffin Premium. The conditions are expected to be satisfied and acquisition is expected to complete by January 31, 2018. The sale proceeds from the disposal are intended to finance further retail acquisitions. On November 15, 2017, the Extraordinary General Meeting of Griffin Premium RE approved the transaction. On December 19, 2017, Globalworth Real Estate Investments agreed to provide a €165 million short-term bridging loan to Griffin Premium RE.. N.V. to fund the acquisition of properties. As on December 22, 2017, a final share purchase agreement was concluded between the parties.

Pawel Debowski, Maciej Ryniewicz and Magdalena Osobka-Morawska of Dentons acted as legal advisors to Griffin Premium RE. Filip Uzieblo, Pawel Zdort, Piotr Fedorowicz, Tomasz Bakowski, Iwona Her and Karolina Janus of Weil, Gotshal & Manges LLP and Rafal Zieba, Kamil Osinski, Marcin Rzysko, Pawel Mardas, Szymon Galkowski and Pawel Gruszecki of Kochanski Zieba & Partners acted as legal advisors to Echo Polska Properties N.V. and Echo Polska Properties (Cyprus) PLC. Stuart Klein of Jefferies acted as joint broker, Andrew Potts of Panmure Gordon acted as nominated advisor and joint broker to Globalworth Real Estate Inv Ltd, the parent of Griffin Premium RE. N.V.

Griffin Premium RE.. N.V. (WSE:GPR) completed the acquisition of Tryton Business House in Gdansk, A4 Business Park in Katowice and West Gate in Wroclaw from Echo Polska Properties N.V. (JSE:EPP) and Echo Polska Properties (Cyprus) PLC on December 22, 2017. The conditions precedent to the transaction were fulfilled.