Resi4Rent delivers another investment in Warsaw

23
Mar
2023
News - Resi4Rent delivers another investment in Warsaw #Poland #PRS #Resi4Rent #residential #Warsaw

by Property Forum | Residential

The new investment is a continuation of the Resi4Rent Warsaw Woronicza project. It is a 5-story building with 344 subscription apartments.


The building, located at 1 Biała Flota Street in Mokotów district, in Warsaw, provides residents with both access to Warsaw's business centre as well as the opportunity to be close to nature in the plentiful green areas in this part of the city. “Our portfolio of subscription apartments in Warsaw is expanding, and thus we already have more than 1,500 apartments in the capital alone. The new project is located in one of the most attractive districts of the city. Mokotow is an excellent location, which was proven by the exceptionally short time needed to ensure full occupancy of the first stage of this project. Such a high interest in our offering also shows that PRS projects are a solution with great potential that responds to current consumer needs. Warsaw has always struggled with a shortage of apartments, and the institutional rental sector is an opportunity to increase the supply," says Slawomir Imianowski, President of Resi4Rent.

The Resi4Rent Warsaw Woronicza investment consists of 2 buildings, which together offer more than 500 subscription apartments and is in line with the 15-minute city concept. It is located close to the public transport infrastructure – there are bus stops nearby and a well-developed road network providing easy access to, among others, Chopin Airport (about 10 minutes by car), as well as Żwirki i Wigury railroad station (about 7 minutes on foot). 

Those interested in Resi4Rent's offering can choose from the following apartments: Studio (1-bedroom), Comfort (2-bedroom) and Family (3-bedroom). They can choose the floor of the building or the view from the window, and most importantly, the duration of the contract: 3, 6 or 12 months with guaranteed unchanged terms. The subscription apartment service includes accommodation in a fully furnished and equipped unit, Wi-Fi access, a dedicated billing management panel, technical service and constant care provided by the customer service office. Residents will also enjoy a modern co-working area, which is equipped with a table and chairs, a sofa and swings for relaxation. The building also has parking spaces and infrastructure for cyclists.

The subscription apartment service offered by Resi4Rent in 12 investments, in 6 major urban centres: Łódź, Gdańsk, Warsaw, Poznań, Wrocław and Krakoó, is highly rated by customers. In all buildings, the average occupancy rate remains at 99%, most contracts are renewed for subsequent years, and one in five customers comes from recommendations from satisfied residents of Resi4Rent developments.

Resi4Rent currently has more than 3,300 subscription apartments. In 2023, the company's portfolio will expand with another 1,100 new units in Warsaw and Wroclaw. By 2025, the company aims to increase its offering to at least 10,000 subscription apartments, most of which are already in the operational or construction phase.




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New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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