Aurec Capital has expanded its portfolio in the private rental sector in Poland. Aurec Capital Poland acquired the Puławska 186 project in Warsaw from Matexi Polska in a deal worth more than PLN 100m. JLL advised the investor. The investment, located in Warsaw’s Mokotów district, is a new addition to the LivUp portfolio – Aurec’s long-term residential rental brand. The investor will also be opening its Jagiellońska 36 project in Warsaw this fall. That project offers about 90 units. “Our strategy assumes the selection of locations that will be attractive in terms of commute and provide easy access to the city’s main business centers. We also try to ensure that the buildings we choose are embedded in the existing and well-functioning urban fabric, which we want to co-create through our activities,” said Roee Shamir, managing director of Aurec Capital Poland. “This transaction is a proof of our belief in the development potential of the private rented sector in Poland. It also strengthens our position as the leading operator on the rental market in Warsaw, since our goal is to achieve a portfolio size of thousands of units in major cities in Poland.”
