The CEE Student Housing Fund of 1 Asset Management has secured a project finance loan of over PLN 150 million from mBank S.A. The financing will support the transformation of 21,000 sqm within the A-class Lipowy Office Park, located in Warsaw’s Ochota district, into coliving spaces tailored for young professionals and students.
“This is one of two developments we are launching in Warsaw this autumn, marking a significant expansion of our portfolio under the SHED Living brand”, said Matas Mockeliunas, Fund Partner at 1 Asset Management. “This new project will provide accommodation for 733 tenants, and we anticipate cultivating a vibrant multinational community here. Our existing properties are home to residents of over 50 nationalities. I’d like to express my gratitude to the mBank S.A. team for their trust in our vision and to our dedicated team, whose expertise and commitment continue to set high standards in the sector.”
