Biggest Polish office developer launches offer of shares
13:28
Cavatina offers up to 7.5 million new issue shares at a maximum price of PLN 50. The total value of the offer is PLN 375 million gross. Subscriptions among individual investors will start on July 5 and will last until July 8. Cavatina has one ambitious goal – by the end of 2025, it wants to reach 1 million sqm of leasable space in its portfolio.
Rafał Malarz, President of the Management Board of Cavatina Holding, points out that the projects carried out and planned by Cavatina Holding have good schedules, and the completion of the commercialization processes is during a very likely supply gap.
The company is the largest Polish office developer that successfully competes with foreign giants. The key to the company's success is its business model – expanding a diversified portfolio of projects. The Group is currently present in seven Polish cities: in Warsaw, Kraków, Łódź, Wrocław, Gdańsk, Katowice, and Bielsko-Biała. In the implemented projects, the company wants to focus on unique architecture, awarded in Polish and international competitions, and high-quality finish. Cavatina has completed the construction of twelve office properties, five of which have been sold to third parties in transactions with a total value exceeding PLN 900 million. The Group's structures include its own design studio and general contractor, as well as many other key competencies grouped in-house.
