Cavatina buys other plots for construction of Quorum
23:05
Cavatina Holding, the largest Polish office developer, has finalized the purchase of the real estate in Wrocław from Invest City for PLN 95 million net. The Quorum building complex, which will be erected, among others, on the purchased land, will be the largest mixed-use facility in the city.
"The transaction, which will enable us to build the next stages of Quorum, is the implementation of the issue objective, which we presented in connection with the public offering of Series B shares completed a few weeks ago. The total area of the planned buildings is 69,000 sqm. This is another step bringing the Group closer to achieving its strategic goal, which is 1 million sqm GLA of the investment portfolio by the end of 2025," Rafał Malarz, CEO of Cavatina Holding, said.
The plots of land purchased by the Cavatina Holding Group are situated in an attractive location right on the banks of the Odra River at ul. Sikorski. The plots will include two buildings within the Quorum complex – A and B, with a total area of approx. 69,000 sqm of GLA dedicated to office space. Part D of the facility, which started last year, is currently under construction.
(WBJ)
