ARTICLES LABELLED WITH TAG PRS

Resi4Rent has launched a new residential complex in Kraków’s Zabłocie district, offering 873 fully furnished apartments available on subscription-based rental contracts.

Over 5,000 units from the portfolio of Resi4Rent – a major institutional residential rental provider in Poland – are set to be acquired by a new owner. Upon completion of the deal, 18 completed Resi4Rent developments will be acquired by Vantage Development, part of TAG Immobilien Group, a Hamburg-based real estate company. The transaction is valued at PLN 2,405 million (€565 million) with a forward-looking NOI yield of 6.3%. Both Echo Investment and Griffin Capital Partners remain committed to developing the remaining Resi4Rent portfolio and expanding it further over time.

Resi4Rent has completed construction of its latest subscription-based rental housing development in Wrocław. Located on Grabiszyńska Street in the city’s Fabryczna district, the project adds 1653 units to the operator’s total offering in Wrocław.

Noli Studios, the Scandinavian serviced living operator, will open a new location in Gdańsk’s Garnizon district in July 2025. The launch follows the brand’s debut in Poland with Noli Studios Warsaw Ursus earlier this year.

The European Bank for Reconstruction and Development (EBRD) has extended an additional €25 million loan to Resi4Rent, Poland’s largest institutional rental housing platform, bringing its total investment in the company to €100 million. This funding aims to support Resi4Rent’s expansion across Poland, addressing the country's housing shortage and promoting sustainable development.

Around 75% of investors plan to increase their exposure to rental housing (PRS), purpose-built student accommodation (PBSA), and collective living solutions over the next five years, shows a survey by Cushman & Wakefield.

The 2024 results signalled a return to stability in Poland’s real estate market, accompanied by a renewed sense of optimism. Total transaction volume more than doubled compared to 2023, reflecting a strong resurgence in market activity. This positive momentum is expected to continue into 2025, supported by anticipated interest rate cuts, improved liquidity, and the emergence of numerous new opportunities across all real estate segments, says Avison Young. 

A consortium of banks, Santander Bank Polska and Helaba (Landesbank Hessen-Thüringen), has granted AFI a €120 million loan to refinance four PRS projects under the AFI Home brand in Warsaw, Kraków, and Wrocław. This is one of the largest PRS financing transactions in Poland to date. 

The European Bank for Reconstruction and Development (EBRD) is providing a regional loan of up to €120 million to AFI Europe to support its development pipeline in Serbia, Poland, Romania, and Czechia. 

At the end of 2024, there were more than 22,300 units in the PRS sector in Poland, of which around 26% were brought to market last year. In terms of project supply, Warsaw's dominance is evident. The sector is expected to grow to over 35,000 units in the next three years. The latest JLL report indicates the rapid development of the institutional rental market and the growing interest of investors in this sector.