2024-04-17 07:00:44
“As the demand for student housing in Poland still far exceeds the supply, we continue to invest in this promising real estate segment. This kind of real estate projects are in line with the direction of our expansion into the countries of Central and Southern Europe and allow us to diversify the company’s investments”, says Arvydas Avulis, chairman of Hanner‘s board.
7.5 thousand houses are being built on a plot of 0.55 ha in the Polish capital, on Puławska street. sq. m area, 360-room student house, where about 400 students will be able to live.
The management company “1 Asset Management” has established a separate fund “CEE Student Housing Fund” for the development of projects in Poland and other Central and Eastern European countries, the strategic investor of which is “Hanner”.
During the development of a new student housing project in Warsaw, the CEE Student Housing Fund used for the first time the international construction and modular building manufacturing company Pekabex, which offers prefabricated construction technologies. This technology simplifies the construction process, shortens project timelines and reduces environmental impact. So, instead of 21 months, construction will last only 16.
This student housing project in Warsaw is already the fourth in Poland in which Hanner invests together with 1 Asset Management. in 2023 a student house was opened in Krakow, and similar projects are also emerging in Warsaw and Wrocław.
Earlier this year, Hanner also announced investments in residential buildings in Warsaw. It is planned to install 180 apartments in multi-apartments on Swidnicka street, investments in the project will amount to 24 million. euros.
Hanner 2024-2028 plans to invest a total of 50 million in student housing projects in Poland. EUR 50 million for residential buildings. euros.
The management company “1 Asset Management” started investing in private student houses in 2020. At that time, the 1AM European Student Housing Fund was founded, primarily invested in Vilnius, Kaunas, Riga and Krakow, and the total value of these projects exceeded 60 million. euros. in 2023 a separate CEE Student Housing Fund was established, the purpose of which is further portfolio investments both in Poland and in other regions of Central and Eastern Europe. The target size of the fund is 110 million. euros.
2024-04-17 07:00:44