Resi4Rent sells PRS portfolio for €575 million

The Polish project developer Echo Investment announced on May 27 that its subsidiary Resi4Rent has completed the sale of 18 residential rental projects for more than PLN 2.437 billion (EUR 575 million). This is the largest transaction in the institutional private residential rental sector (PRS) in Poland to date. The portfolio of 5,322 apartments in Warsaw, Krakow, Wroclaw, Gdansk, Łódź and Poznan was sold by Resi4Rent - a residential rental platform jointly owned by Echo Investment and Griffin Capital Partners - after receiving full approval from the Polish antitrust authority. The purchase price corresponds to an expected future NOI yield of around 6.3% in 2026. "With a transaction value of over PLN 2.437 billion or around EUR 575 million, the completed deal represents the largest transaction in Poland's institutional private rental housing sector and marks an important milestone for the further institutionalization of the country's rental housing market," Echo Investment stated in a press release on 27 May. Following completion of the transaction, Resi4Rent will continue to hold a portfolio of almost 4,000 units, including existing properties and projects under construction. Echo Investment will retain a 30% stake, while a global investment fund advised by Griffin Capital Partners will hold 70%. "Following completion of the transaction, Resi4Rent will continue to operate and grow its remaining portfolio. The platform will retain nearly 4,000 units, including properties already in operation and projects under construction," the statement said. "We remain committed to further expanding the platform's remaining portfolio in key urban markets in Poland. It is expected that around 3,000 additional units will be put into operation in 2026," said Rafał Mazurczak, COO of Echo Investment. The institutional PRS sector in Poland is forecast to grow from around 27,000 units at the end of 2025 to around 45,000 units by 2030. This would correspond to an increase of around 66% within four years. Echo Investment emphasized that despite the strong demand, the Polish PRS market remains significantly undersupplied compared to Western European markets. "The completion of this significant transaction reflects the planned disposal of a stabilized part of the portfolio as well as the realization of the value created for investors. In the next phase, we will focus on the further expansion of the Resi4Rent platform as we remain convinced of the attractiveness of the Polish rental housing market," said Tomasz Kosieradzki, Director at Griffin Capital Partners. He added that the ongoing housing shortage, ongoing urbanization and growing demand for professional and flexible housing solutions make the Polish PRS market one of the most attractive investment opportunities in Europe. The post Resi4Rent sells PRS portfolio for €575 million appeared first on ostwirtschaft.de.