Cavare has sold an investment site on Ostrobramska street in Warsaw and a project involving the building of over 140 apartments on it to LifeSpot.
Cavare is the part of the Cavatina Group that is responsible for the development of private rental sector projects. LifeSpot is a long-term rental platform belonging to a fund managed by Griffin Capital Partners.
According to the Dentons law firm, which advised Cavare on the deal, the forward-funding transaction involved both the investment site on Ostrobramska Street and a project to build over 140 apartments under a development-management-agreement formula. Construction of the build-to-rent project is expected to be completed by Cavare in the third quarter of 2025 and will consist of apartments of various sizes, with a predominance of studio and two-bedroom units.
The Rymarz Zdort Maruta law firm advised LifeSpot on the deal.
Image source: Trei-wohnen.de