Griffin Holdings was formed in South Africa by Rui Nobre.
The company focuses on acquiring value add commercial
real estate in the greater South African market.
Griffin sells a large percentage of its portfolio and uses
the proceeds to capitalise a focused investment division
and build a developmental team. It is at this time that Griffin
turns its primary attention to the acquisition and
development of industrial real estate.
Griffin develops a 1,000,000sqft distribution warehouse
for Unilever in Johannesburg, South Africa.
Griffin principals acquire a number of industrial properties
throughout the south east and midlands of the UK.
Rui Nobre resigns as the CEO of Griffin South Africa and
moves to the UK. Griffen Ltd is formed.
Griffen enters into a JV with Cheyne Capital and Grindrod Bank
to form the fund GULF. Griffen builds its inhouse investment and
developmental teams and acquires £50m of assets for GULF.
Griffen purchases in excess of £150m of assets within
its first 12 months for GULF. Griffen commences
development of its first UK schemes.
Griffen completes development activity amounting to
350,000 sq ft with a further 550,000 sq ft in the planning pipeline.