Warsaw’s first Resi4Rent building secures occupancy permit

02
Sep
2020
News - Warsaw’s first Resi4Rent building secures occupancy permit #alternative #build-to-rent #Echo Investment #Griffin Real Estate #Poland #residential #Warsaw

by Property Forum | Residential

The first building of the Resi4Rent project, being part of the Warsaw Brewery, has obtained its occupancy permit. In the all-purpose part of Warsaw's Wola district, revitalized by Echo Investment, Resi4Rent has developed 450 apartments for long-term rent. The first tenants have been moving in.


Resi4Rent, that offers nearly 800 apartments in Wrocław and Łódź, has started to rent out its first project in Warsaw. This complex will eventually offer 450 apartments to rent. The first building is finished, while the adjoining 17-storey tower will welcome its first residents in November. Architects from the JEMS studio have also designed 7 two-storey apartments on the top floors.

Currently, Resi4Rent owns nine projects under construction or in advanced planning. As a target, the company will offer 7.5 thousand apartments within a few years in the six largest Polish cities - Warsaw, Kraków, Łódź, Wrocław, Gdańsk and Poznań. Echo Investment, one of the most important developers in Poland, that also holds 30% of shares in Resi4Rent, is responsible for planning, designing and developing projects. The second shareholder is a recognized global investment fund (70%), represented by Griffin Real Estate.




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New leases

  • Echo Investment has signed a lease agreement with Auchan Polska for 1,200 sqm of retail space within Fuzja, a flagship multifunctional complex in Łódź. The retailer is scheduled to open the outlet during the summer of 2026.
  • 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.

New appointments

  • iO Partners has appointed Constantin Banu as Business Development Director for its Industrial and Land segments. With over 25 years of experience in the Romanian real estate sector, Banu is widely credited with helping shape the local logistics market. In his new role, he will oversee expansion strategies for the two segments.
  • 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.


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