Ares Management and Griffin Real Estate Acquire Majority Stake in Murapol

LONDON & WARSAW, Poland--(BUSINESS WIRE)--A joint venture between a fund managed by the Real Estate Group of Ares Management Corporation (NYSE: ARES) and Griffin Real Estate announced today the acquisition of a 98.04% stake in Murapol SA, a leading Polish property development company. The value of the deal was not disclosed. Murapol is one of the most active residential developers in Poland, having sold nearly 3,700 apartments in 2019. With a highly-integrated value chain, Murapol is focused on