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

  • Vastint Romania secured its first tenant for Bucharest-based Timpuri Noi Square Phase 2, signing SCOR for 3,250 sqm. The transaction, brokered by CBRE, facilitates SCOR’s expansion within Vastint’s local portfolio. The company has previously leased 2,320 sqm in Business Garden Bucharest.
  • EVO Properties has named Alexandru Marin as the new Property Manager for the London and Oslo office buildings in Bucharest. He brings over 15 years of property management experience.
  • IF&B Mille Sapori, the importer and distributor of Italian food products in Poland, has leased 4,118 sqm in the MLP Pruszków II complex. The lease deal was brokered by Coldwell Banker Commercial.

New appointments

  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.
  • Michał Kochanowski-Laren has joined Avison Young Poland’s Technical Advisory and Project Management team as Project Manager. In his new role, he is responsible for delivering a variety of consultancy projects across all segments of the commercial real estate market in Poland. Kochanowski-Laren is an electrical engineer and a graduate of the Warsaw University of Technology.


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