Speedwell has secured its first loan in Poland — a PLN 100 million financing agreement with BNP Paribas Bank Polska for the development of Milestone Warsaw Mokotów. This project marks Speedwell’s first locally financed investment in Poland and the first purpose-built student accommodation (PBSA) in Warsaw under the Milestone brand.
Located on Obrzeżna Street in Mokotów, the project will offer 675 beds in 565 rooms, with completion planned before the 2026/2027 academic year. Designed to meet ESG standards and achieve BREEAM certification, the development addresses Warsaw’s student housing shortage and reflects Speedwell’s strategy to create sustainable, future-proof urban spaces.
“Securing financing from BNP Paribas Bank Polska is more than a financial agreement — it’s a strong vote of confidence in our vision and in our ability to deliver sustainable, high-quality developments on the Polish market,” said Michał Stępień, Country Manager of Speedwell in Poland. “Milestone Warsaw Mokotów is a strategic response to the growing demand for student accommodation in Warsaw. We see student housing as more than functional space — it’s an opportunity to shape a vibrant environment where young people can thrive and grow.”
"Supporting sustainable investments is part of our strategy and shows the trust that global real estate investors place in us," added Marek Kowalski, Head of Structured and Real Estate Department at BNP Paribas Bank Polska. "We are pleased to support Speedwell in implementing the Milestone Warsaw Mokotów project, which aligns with our commitment to financing ventures that have a positive impact on society and the environment."
The facility will be operated by Milestone Student Living, which manages student and co-living spaces across Europe. With nearly 5,000 beds in operation and another 4,500 in the pipeline across Austria, Germany, the Netherlands, Portugal, and now Poland, Milestone focuses on flexible, community-driven living environments designed to match the needs of a new generation of students.
Speedwell has been active in Poland since 2024. Alongside Milestone Warsaw Mokotów, the company is preparing to launch a premium residential project in Gdańsk in partnership with BPI Real Estate Poland. Valued at around €200 million, this development will include approximately 750 apartments with a total area of 36,000 sqm. Construction is expected to start in the second half of 2025.
