For the Cavatina Capital Group, the owner of the largest Polish commercial developer, 2020 was a record-breaking year. 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 2,200 units to the market. The company currently has a commercial project portfolio of 500,000 sqm and intends to double this number within the next five years.
According to data from JLL, the first three quarters of last year saw transactions worth over €1.54 billion completed on the office market in Poland. Agreements on the sale of Cavatina's projects made up 13 percent of the Polish office sector’s total investment volume. In June 2020, it was announced that funds from Apollo-Rida Poland purchased buildings A, B, and C in the Equal Business Park complex in Krakow, developed by Cavatina Holding. According to JLL, which advised the buyer, the deal was one of the ten largest office building sales transactions outside of Warsaw. In September, a fund managed by Madison International Realty bought Catavina’s 65 percent share of the Chmielna 89 office building in Warsaw.
Cavatina specializes in mixed-use projects and is very active in the regional markets. This is illustrated by the Group’s operations, which are not only conducted in Warsaw but also in Bielsko-Biała, Gdańsk, Katowice, Kraków, Łódź, and Wrocław.
“We focus on urban investments that combine housing, offices, services, and culture because they are better designed, improve the functioning of a city, and are very well received by local communities. Bearing in mind the challenges of this year, we want our projects to be distinguished by the quality of their architecture and include solutions that guarantee a higher standard of health and safety,” Daniel Draga, Vice President of the Management Board at Cavatina Holding, said.