Dentons has advised Cavare on the sale of the Ostrobramska Project in Warsaw to LifeSpot. Rymarz Zdort Maruta advised LifeSpot.
Cavare is a part of the Cavatina Group 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 Dentons, the forward funding transaction involved the disposal of an investment site on Ostrobramska Street together with a project to build over 140 apartments under a development management agreement formula. "Construction of this build-to-rent 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."
Earlier this year, Dentons advised on AT Capital's sale of a real estate property in Warsaw to Dantex and Cavatina (as reported by CEE Legal Matters on June 24, 2024).
The Dentons team included Co-Managing Partner Bartlomiej Kordeczka, Managing Counsel Martyna Racz-Suchocka, Senior Associate Agata Koczorowska, and Associate Martyna Kaminska.
The Rymarz Zdort Maruta team included Partner Piotr Fedorowicz and Associates Alicja Szymanska and Rafal Cwiklinski.
