Cavatina Holding has signed a €270 million credit agreement with a consortium of European banks, in what it says is the largest office portfolio refinancing transaction in the history of Poland’s regional markets. The company announced the deal on LinkedIn.
The financing was provided by Erste Group Bank AG, Berlin Hyp (Landesbank Baden-Württemberg Group) and Raiffeisenlandesbank Niederösterreich-Wien AG. According to Cavatina, the agreement consolidates and streamlines the financing structure for its key office assets, reduces debt servicing costs and strengthens its financial position.
The company highlighted the transaction as a vote of confidence from leading financial institutions in the quality and commercialisation of its office portfolio. Legal advice on the deal was provided by Wolf Theiss, while Centuria Investment & Corporate Advisory acted as financial advisor.
Cavatina said the refinancing creates a robust platform for executing its current strategy and supports its plans for further dynamic development in Poland’s regional cities.
