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.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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