Offices developer Cavatina plans IPO on Warsaw SE

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.

“Cavatina Holding has been building its position on the market for several years, and its success is based on the knowledge and many years of experience of the people who established and manage the Group. We have created a unique business model based on the consistent building of extensive competences within the Group. We independently manage all the key elements of the investment process, which allows us, in addition to being flexible towards the client, to limit risks and accumulate high margins within the organization at every stage of implementation and thus increase the profitability of the entire Group’s business. In January this year, by issuing bonds, we debuted on the Catalyst market, and entering the main trading floor is another important step in our development, which increases our recognition and transparency for investors,” says Rafał Malarz, CEO of Cavatina Holding.

Cavatina Holding is one of the leading developers of office space operating in Poland and is currently present in seven Polish cities: Warsaw, Kraków, Łódź, Wrocław, Gdańsk, Katowice and Bielsko-Biała. By the date of the prospectus, the Group has completed the construction of twelve office properties with a total area of ​​over 180,000 sqm, of which five office buildings with a total area of ​​over 80,000 sqm were sold to external entities in transactions with a total value exceeding PLN 900 million and an additional three properties with a total area of ​​approx. 60,000 sqm have been at least 75% commercialized.

In the following years, the Group plans to implement and complete further projects with a total area of ​​over 450,000 sqm. The key strategic goal of the Group is to double the portfolio to the level of 1 million sqm by 2025.

“The current office stock under construction in Poland is the lowest it’s been in approximately 5 years. The projects that are currently being carried out by Cavatina Holding SA and those that are planned to be launched in the near future will be put into operation during a very likely supply gap, which results from the very cautious approach of many developers to new investments during 2020. We intend to make good use of this situation, we act in accordance with the adopted plan and consistently implement our investment plans, “said Rafał Malarz, President of the Management Board of Cavatina Holding.


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