Vantage Development, part of Germany鈥檚 TAG Immobilien, completed Poland鈥檚 largest private rented sector (PRS) transaction this week with the purchase of 5,322 Resi4Rent units across Warsaw, Krak贸w, Wroc艂aw, Gda艅sk, 艁贸d藕 and Pozna艅.
The assets were sold by Echo Investment for 鈧�575m, representing a forward-looking net operating income yield of 6.3% for 2026, the vendor said.
Rafa艂 Mazurczak, COO of Echo Investment, said: 鈥淭his transaction is a landmark moment not only for Resi4Rent, but for the entire institutional rental housing sector in Poland. Together with our partners, we have built a platform that has set new standards for professionally managed rental housing and confirmed the long-term attractiveness of the Polish PRS market for international investors.
鈥淭he transaction demonstrates the maturity of the sector while enabling Resi4Rent鈥檚 continued growth.鈥�
The assets were developed by Resi4Rent, a joint venture between Echo Investment, which holds a 30% stake, and a global investment fund advised by Griffin Capital Partners, which owns the remaining 70%.
In another major transaction in CEE 鈥� and Romania鈥檚 largest-ever retail property deal 鈥� AFI Europe acquired a portfolio of six regional shopping centres for just under 鈧�200m. The 125,500sqm retail portfolio has an overall occupancy rate of 99%.
Get all the latest information on completed deals, new properties brought to market, completed loans and newly launched funds in the list below.
| Assets on the market | |||||||
|---|---|---|---|---|---|---|---|
| Asset | Asset type | Location | Vendor | Size | Price (mln) | Broker | Key facts |
| Marylebone Place | office | London | TPG Angelo Gordon and Beltane | 75,000sqft | 拢145 (鈧�167) | NA | The building is now entirely leased by Swiss bank UBP. |
| One Bessborough Gardens | living | London | Firethorn | 70,000sqft | 拢100 (鈧�115) | JLL | The freehold building is currently vacant. |
| Edgcote House | living | Northamptonshire, UK | David Allen | 1,700-acres | 拢45 (鈧�52) | Savills | The estate includes 31 houses, cottages and flats, a farm and racecourse. |
| 2021 Bianconi Avenue | logistics | Dublin | The Sandymark Group | 98,570sqft | 鈧�26 | C&W, BNPPRE | The development is being offered for sale or alternatively to let in advance of its completion. |
| North Crescent | office | London | Schroders | 106,736sqft | NA | Allsop | The asset is the former UK head office of marketing and sales company Omnicom. |
| Recently completed loans | ||||
|---|---|---|---|---|
| Lender(s) | Borrower(s) | Asset(s) | Loan Size (mln) | Key facts |
| ABN Amro, Alpha, BBVA, Goldman Sachs, ING, Investec, KfW, Mizuho, MUFG, National Westminster Bank Plc, NordLB, Rabobank and UniCredit Bank AG | AtlasEdge | European data centre portfolio | 鈧�1200 | The facility - the largest in the company鈥檚 history - |
| Bond investors | Gecina | Unsecured | 鈧�500 | The five-year green bond was priced at a competitive spread of 68 basis points, with an annual coupon of 3.250%. |
| Housing Finance Corporation | Sovereign Network Group | Affordable housing portfolio | 拢250 (鈧�289.5) | SNG is delivering homes across London and southern England, with 709 social rent homes under construction in the capital. |
| PKO Bank Polski | StudentSpace | Warsaw projects | 鈧�50 | The loan backs the development of more than 1,000 student beds. |
| SHC Capital | Ortus | mixed use portfolio in London | 拢39 (鈧�45) | The finance is secured against a portfolio of 27 retail, residential and commercial properties, as well as land with planning permission. |
| illimity | Gruppo Statuto | Palazzo del Toro in Milan | NA | The refinancing loan is for a luxury asset. |
| Fabrix and Patrizia | UK PBSA scheme | NA | The green loan for the 283-unit scheme in London marks the first PBSA investment made by the Aviva Investors Multi Sector Private Debt Long Term Asset Fund (LTAF) since its launch. | |
| BayernLB | Ashtrom Properties Germany | Red Rocks in Duesseldorf | NA | Ashtrom has held the office building, constructed in 2008 on Grafenberger Allee, since 2013. |
| Deutsche Hypo 鈥� NORD/LB | Meadow Partners | One Wood Street in London | NA | The acquisition loan finances an office building fully let to international law firm Eversheds Sutherland. |
| New mandates/JVs and funds on the market | |||
|---|---|---|---|
| Firm | Fund/mandate/JV | Strategy | Details |
| Ardent | Place 4 Self Storage | Focused on investing in UK self-storage assets | The platform has been seeded with three assets in Petersfield, Alton and Swindon. |
| Affinius Capital and Equalbase | German logistics development JV | Developing a 11,700m2 logistics scheme on a site in Frankfurt | Equalbase will contribute its development and construction expertise, supporting the project from planning through delivery. |
| Orchard Street | UK Decarbonisation Impact Fund | Focuses on the active asset management and environmental future-proofing of existing commercial real estate | The fund has secured another 拢250m of capital. |
| Empira | German residential strategy | The strategy focuses on the acquisition and active management of income-generating residential assets in German A-cities. | The strategy has raised 鈧�158m from the Unified Global Alternatives Real Estate fund. |
