Located in Warsaw's Praga-Północ district, the Białostocka 5D development by Eiffage Immobilier Polska has just been purchased by Heimstaden, one of the largest operators on the European institutional rental market. The price has not been disclosed.
The agreement with Heimstaden is the first contract under the ‘forward purchase’ model signed by Eiffage Immobilier Polska. "One of the main pillars of our development strategy in Poland is a strong involvement in the PRS/PBSA sector and the implementation of build-to-rent projects. At the moment, this is the most promising direction. The realisation of the investment at Białostocka Street was the first step towards realising these intentions", says Tymon Nowosielski, president of Eiffage Immobilier Polska. "Projects of this type require good and close cooperation with a trusted partner. The just-closed transaction shows that by inviting Heimstaden to the project we made a good choice", he adds.
Białostocka 5D offers 185 units for rent in sizes ranging from 25 sqm to 78 sqm. (1-4 rooms) with a total area of almost 8,000 sqm. The terraces of the flats on the top floor of the building provide a panoramic view of the city - including the National Stadium, the Old Town and the nearby Koneser Centre. The underground garage has 49 parking spaces for cars, including 4 spaces equipped with electric chargers. The development also has over 100 bicycle racks, and residents will also have access to tenant gardens and a green patio in the courtyard connected to the surrounding area. An area of almost 2,300 sqm has also been created to accommodate 3 retail units.
