Resi4Rent has completed the sale of 18 residential rental projects to Vantage Development, part of TAG Immobilien Group, for PLN 2.437 billion (approximately €575 million). The transaction represents the largest deal recorded in Poland's institutional Private Rented Sector (PRS) and includes 5,322 units across Warsaw, Kraków, Wrocław, Gdańsk, Łódź and Poznań.
The purchase price corresponds to an expected forward-looking NOI yield of approximately 6.3% in 2026. Following completion, Resi4Rent will continue to operate and expand its remaining portfolio of almost 4,000 units, including operating assets and projects under construction.
"This transaction is a landmark moment not only for Resi4Rent, but for the entire institutional rental housing sector in Poland," says Rafał Mazurczak, COO of Echo Investment. "We remain fully committed to expanding the platform's remaining portfolio of almost 4,000 units across Poland's key urban markets, with approximately 3,000 units expected to be operational in the first half of 2026."
Resi4Rent is a joint venture between Echo Investment (30% share) and a global investment fund advised by Griffin Capital Partners (70% share). Both parties will continue to be involved in the development of Resi4Rent's remaining portfolio and potential future expansion.
"Since the establishment of Resi4Rent in 2018, Griffin has acted as its investment and asset manager, supporting the company's business and organisational growth," comments Tomasz Kosieradzki, Director at Griffin Capital Partners. "We see this as a continuation of the strategy that has been implemented in Resi4Rent from the beginning: building a scalable, professionally managed rental housing platform in Poland."
