Eiffage chose Savills to seek investment partner for Build to Rent pipeline

Eiffage has appointed Savills to seek an investment partner - to support their Build to Rent pipeline in Poland.

PRogress Spot Warsaw, Poland - Eiffage | BTR News
PRogress Spot Warsaw, Poland.

Eiffage Immobilier Polska is a developer of housing and rental investments, commercial properties and urban development. Eiffage has now appointed Savills to seek an investment partner for the development of a bespoke Build to Rent development in Warsaw.

“Warsaw has experienced a steady increase in population numbers and projections suggest that a further 66,000 people will live in Poland’s capital by 2030.

“Affordability constrains and changes in attitude in Poland towards renting are underpinning the ongoing growth of the Private Rented Sector, making this a fantastic opportunity for investors to enter the market at this point in time or to expand their existing PRS portfolio.”

Kamil Kowa, Director, Savills Poland Board Member and Head of Corporate Finance & Valuation

Located at 5a Postepu Street in Mokotow, PRogress Spot Warsaw is one of the most affluent residential districts in Poland’s capital. The site has 16,191 sq m of usable area and will include 453 Build to Rent homes – and is due for completion in Q1 2023. 

The project pipeline will also include a further 2,300 residential units in Warsaw, Cracow, Wroclaw, Poznan and Gdansk, with each city having more than 500,000 inhabitants. Savills will market the total 2,750 unit Build to Rent pipeline in Poland’s top five cities.

Eiffage Immobilier Polska provides clients with experience and knowledge, starting from the conceptual phase, running the project through the stages up to completion.

“Poland is one of the most under-supplied residential markets in Europe. With the residential market proving to be one of the most resilient sectors during the Covid-19 pandemic, this is a rare opportunity for investors to work with one of the most prestigious construction companies in the world.”

Aurelio Di Napoli, Director, Savills Operational Capital Markets