LifeSpot, a long-term rental housing platform in Poland owned by funds managed by Ares Management and Griffin Capital Partners, has secured further capital from both parties. This investment will support the development of rental housing and expand the platform’s presence within Poland’s fast-growing private rental sector (PRS).
Since LifeSpot’s launch in 2021, the Company’s portfolio has grown to approximately 1,400 operating units, with an additional 1,800 units currently under construction. The existing portfolio is diversified across major Polish cities, including Warsaw, Krakow, Tri-City, Wroclaw, Lodz, and Katowice. The new capital from Ares and Griffin Capital Partners will be used to further expand the Company’s portfolio, including the acquisition and construction of around 2,500 units in cities such as Warsaw, Kraków, Gdańsk, and Wrocław.
These additional units are expected to be completed within the next 1-3 years, bringing LifeSpot’s total managed units to nearly 6,000, making it one of the largest PRS platforms in Poland. The expansion will also help the Company deliver on its investment strategy by increasing the availability of well-located, modern rental housing at affordable rates.
William Twemlow, Principal at Ares Management, stated, “Over the last three years, LifeSpot has quickly established itself as an important provider of quality and affordable rental housing in Poland. We have seen strong demand from residents across major cities experiencing persistent undersupply. We are pleased to increase our investment and continue building affordable rental apartments alongside LifeSpot and Griffin Capital Partners as we further support the company’s long-term growth.”
Marek Obuchowicz, Senior Partner at Griffin Capital Partners, commented, “The PRS market in Poland still accounts for only about 0.1 percent of the total housing stock, while the demand for apartments is high. The structural housing deficit in Poland is 1.5 million units, making the PRS segment particularly attractive to us as investors. We strongly believe in its development potential. This additional equity will enable LifeSpot to add approximately 2,500 units to its portfolio, strengthening its position in the PRS market in Poland and providing much-needed additional rental supply.”
