Resi Capital S.A., a company belonging to Cavatina Group, wants to deliver 2,200 apartments for rent in Katowice, Krakow, Łódź and Wrocław by 2023. The Quorum investment in Wrocław and WIMA Widzewska Manufaktura in Łódź are already under construction. Bank Pekao S.A. has just granted Resi Capital financing exceeding PLN 160 million in the form of loans for the realization of these housing projects.
Resi Capital, PRS subsidiary of Cavatina Holding has bought an 11,590 sqm plot located on Tuwima Street in the New Center of Łódź area (Nowe Centrum Łodzi). JLL advised the vendor during this transaction.
Cavatina Holding, the largest Polish office developer, established a bond issue program worth up to PLN 200 million and submitted a prospectus to the Polish Financial Supervision Authority (UKNF), which, if approved, will form the basis of the issue. Michael/Ström Dom Maklerski has been engaged to organize the issue.
Polish developer Cavatina Holding, which has been active in the regional cities of Poland, has recently announced plans to go public. Rafał Malarz, CEO of the company talked to Property Forum about investing in large mixed-use projects, the future of the PRS sector in Poland, possible changes in the retail and office markets and shared some details about the upcoming IPO.
Cavatina Holding SA, the largest Polish office developer, has submitted an issue prospectus to the Polish Financial Supervision Authority in connection with the planned public offering of shares (IPO) and entry to the main market of the Warsaw Stock Exchange.
The first of the eight buildings planned as part of the Palio Office Park project in Gdańsk has been commissioned. The office building located on the premises of the Gdańsk Shipyard will deliver 16.6 thousand square meters GLA to the Tricity market.
Cavatina Holding has started construction on the second stages of Palio Office Park in Gdańsk and Ocean Office Park in Kraków. The total area of both stages comes to 34,200 sqm.
The group completed transactions worth €206.5 million, as well as attracting record-breaking leases, launching three multifunctional projects and starting with its project of an apartment lease platform, which will deliver over 2200 units to the market. The company currently has a commercial project portfolio of 500 000 square meters and intends to double this number within the next five years.
Online grocer Barbora has leased around 3,000 sqm in the Park City Logistics Katowice I logistics park.
Reka Rubber Polska, a manufacturer of rubber products has leased almost 2,000 sqm of warehouse space in MLP Poznań West. Rock Estate agency helped to negotiate the deal.
International design studio Buro Happold has extended its lease in the central-Warsaw Spektrum Tower building owned by Globalworth. The company occupies 1,300 sqm of office space.
New appointments
Globalworth announces that Andreas Papadopoulos, Chief Financial Officer, has informed the Board that he wishes to resign from his role but that he will stay on for an interim period, leaving the company by 30 April 2022.
Máté Bihari has been appointed Director of Leasing and Sales by Horizon Development in Hungary. He joined the Horizon Development team in 2017, where he played an important role in leasing commercial projects.
Nikola Ristivojevic has started a new position as Director of Capital Markets at Coreside Savills in Serbia. He previously worked as Senior Consultant at CBS International, a member of Cushman & Wakefield Alliance.
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