Cavare – a developer specialising in institutional rental projects and part of the Cavatina Group – is entering the role of a standalone PRS property operator for the first time. At ul. Jankego 15 in Katowice, it is opening a leasing office and starting commercialisation of a complex of 164 flats, marking a new stage in its strategy.
Poland's institutional rental market (PRS) has grown quickly. Over the past two years, the number of units in the segment has almost doubled, and analysts estimate the sector could expand several times over by 2027 compared with three years ago. Cavare S.A., founded in 2023, designs, builds and commercialises apartment buildings in Poland's largest cities. Operating under the Cavare by Cavatina brand, it has secured a portfolio of seven investments in Warsaw, Gdańsk and Katowice – more than 1,600 units in total. Two projects are complete and a third is under way. Buyers are mostly foreign funds: Lifespot took over the building on ul. Ostrobramska in Warsaw, while Urban Partners bought the Palio C building in Gdańsk.
"The PRS market in Poland has covered in three years the distance Western markets took a decade to travel. As one of the first developers, we decided to build projects designed solely for institutional rental," says Bartłomiej Wentlandt, Managing Director of Cavare. Cavare's strategy relies on the forward funding model: it acquires land, designs, obtains building permits and then delivers investments for investment platforms managing PRS portfolios. Target buyers are chiefly funds from Western Europe and Scandinavia with local management platforms in Poland.
Apartamenty Jankego in Katowice is the first project Cavare commercialises and manages under its own name, without an external operator, via the jankego.cavare.pl service. The complex of three four-storey buildings offers 164 rental flats, with an average size higher than in typical PRS projects. Two-room flats dominate, alongside three-room units and apartments with several bedrooms. Each flat is fully furnished and fitted, with internet included in the rent, and the scheme is pet-friendly. A ground-floor service offering includes a grocery shop, a chemist, two restaurants with beer gardens on a shared patio, a café with a play area for children and further retail and service units. The scheme lies in southern Katowice, with 147 parking spaces and a 24-hour reception.
"Apartamenty Jankego is a breakthrough project for Cavare by Cavatina – for the first time we are not building for sale to a fund, but handling every stage ourselves, from handing over the keys to daily tenant service," says Łukasz Morgaś, Head of Legal & Operations at Cavare. In the coming months, Cavare plans to finalise further forward funding transactions in Gdańsk, including the next phases of the Palio complex, H1 and H2, with plans to enter Kraków and other large cities. "We are a developer, not a fund – our role is to create high-quality projects and sell them to proven institutional investors. At the same time, Katowice shows we can manage a property on our own," adds Wentlandt.
