Carbon Tower in Wrocław, Ocean Office Park A and Tischnera Office in Kraków – this is a real estate package that is to be acquired by an affiliate of Lone Star Funds. The buildings, belonging to Cavatina Holding, one of Poland's largest office developers, offer a total of nearly 66 thousand sqm of GLA, and their average lease rate is at the level of approx. 90%. The planned buy/sell deal is another portfolio transaction of Cavatina Group, which in 2020 sold three Equal Business Park office buildings (A, B and C).
Well-considered, beneficial transactions, such as the one we intend to make with partners like Lone Star, are the result of our philosophy and operating model. In Cavatina we built the competences necessary for each stage of investment in commercial real estate. This allows us to sell the assets at the optimal time for us”,
says Daniel Draga, Vice-President of the Management Board of Cavatina Holding.
We operate mainly on regional markets in Poland. We know their specificity very well and we approach each project individually. As a result, we they just perfectly fit it into the surroundings and meet the tenants' expectations”,
explains Daniel Draga, Vice-President of the Management Board of Cavatina Holding.
Cavatina Holding S.A. Capital Group
Cavatina Holding S.A. Capital Group is the largest Polish developer of office space. The Group operates in large cities in Poland. The projects completed by the Group are distinguished by their unique architecture, awarded in Polish and international competitions, and high quality of finish. The Cavatina Holding S.A. Group places emphasis on sustainable construction, as well as on the comfort and safety of its office users, which is confirmed by the BREEAM and WELL Health-Safety Rating certificates it has received. The Group attaches great importance to the city-shaping role of its projects, ensuring that they fit naturally into the existing urban fabric and meet the needs of the local community.
Lone Star Funds
Lone Star, founded by John Grayken, is a leading private equity firm advising funds that invest globally in real estate, equity, credit and other financial assets. Since the establishment of its first fund in 1995, Lone Star has organized 22 private equity funds with aggregate capital commitments totaling approximately $85 billion. The firm organizes its funds in three series: the Commercial Real Estate Fund series; the Opportunity Fund series; and the U.S. Residential Mortgage Fund series. Lone Star invests on behalf of its limited partners, which include institutional investors such as pension funds and sovereign wealth funds, as well as foundations and endowments that support medical research, higher education, and other philanthropic causes. For more information regarding Lone Star Funds, go to www.lonestarfunds.com.