Wolf Theiss has advised the Erste Group on the up to EUR 48 million financing to Cavatina Holding for the Quorum Building Complex in Wroclaw.
Krakow-based Cavatina Holding is an investment holding company focusing on the management of capital group companies that are mainly engaged in construction, investment, and general contractor activities.
According to Wolf Theiss, “the financing, which commenced in October, is designed to equip the Polish developer with the necessary capital for refinancing the expenses associated with the Quorum D office building, up to a sum of EUR 25 million. Additionally, it will allocate up to EUR 20 million for the continued development of the Quorum A construction. An extra allocation of EUR 3 million is included to address VAT obligations.”
The Wolf Theiss team included Partner Przemek Kozdoj, Counsel Iwona Huryn, Senior Associate Michal Pawlak, and Associates Jan Gasiorowski and Maria Markowska.
Wolf Theiss did not respond to our inquiry on the matter.