Over 5,300 units from the portfolio of Resi4Rent – a major institutional residential rental provider in Poland – are set to be acquired by a new owner - 𝐕𝐚𝐧𝐭𝐚𝐠𝐞 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭. 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, valued at PLN 2 405 million (i.e. equivalent to EUR 565 million) and forward-looking NOI yield of 6.3%, is a strong signal that Poland’s growing build-to-rent opportunities hold significant potential to attract international investors. Both Griffin Capital Partners and Echo Investment remain committed to developing the remaining Resi4Rent portfolio and expanding it further over time. ‘At Griffin, we believed for a long time in the attractiveness of the living sector, creating the first and market leading institutional PBSA and PRS players in the Polish markets. We view the Polish accommodation rental market as one of the most compelling investment opportunities, driven by a persistent housing shortage and strong demand for professional, convenient, and flexible living solutions. We are very pleased with the performance and achievements of Resi4Rent over the past few years. Our efforts have clearly demonstrated the sector’s potential, the strong performance of Resi4Rent underscores the resilience of the accommodation rental market, backed by ongoing urbanization and evolving consumer preferences. Congratulations to all parties involved in this milestone transaction. We remain confident in the company’s trajectory and look forward to supporting its continued growth and value creation’, – comments Tomasz Kosieradzki, Director at Griffin Capital Partners. Find out more: https://lnkd.in/d54GecWr #BuildToRent #RealEstate #Investments #DealDone
Gratulacje! 🎉
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Congratulations Griffin Capital Partners, Resi4Rent and Echo Investment on this landmark transaction 🙌🥳😎 We’re happy we could contribute to this resounding success.
Big congratulations to the whole R4R and Griffin team on this milestone!
Big congrats Nebil Nebil Senman along with Griffin Capital Partners team and Nicklas Nicklas Lindberg along with Echo Investment team. Great job 💪🔥
Experienced Real Estate Professional, EY Strategy and Transactions, Partner
4wGratulacje! 🎉