Dentons has advised Cavare, a part of the Cavatina Group responsible for the development of PRS projects, on the sale of the Ostrobramska Project in Warsaw to LifeSpot, a long-term rental platform belonging to a fund managed by Griffin Capital Partners. The forward funding transaction involved disposal of an investment site on Ostrobramska Street together with a project to build over 140 apartments under a DMA formula (Development Management Agreement).
The Ostrobramska Project will add 143 apartments with a total lettable area of 4,600 sq.m. to the LifeSpot portfolio. Construction of this build-to-rent (BTR) project will be completed by Cavare in Q3 2025 and will comprise apartments of various sizes, with a predominance of studio and two-bedroom units. This transaction is Cavatina Group’s first deal in the private rental sector.
Managing counsel Martyna Racz-Suchocka and senior associate Agata Koczorowska led the transaction, with the support of associate Martyna Kamińska.
BartĹ‚omiej Kordeczka, Poland Co-Managing Partner at Dentons and Deputy Head of the Real Estate practice in Poland has supervised the transaction. Commercial advisory on the seller’s side was provided by CBRE.
