Trei Real Estate Poland, an international developer of commercial and residential real estate, has launched its first investment in Poland in the PRS (Private Rented Sector) sector. The estate located at ul. Piątkowska in Poznań is to be ready in 2025. The developer plans to build 450 apartments, which will be available in the institutional lease formula.
Trei has started the initial stage of the PRS investment in Poznań. The investor is preparing a plot at ul. Piątkowska, where a residential complex will be built entirely for rent. Currently, the developer is in the process of relocating the Biedronka supermarket, which is located in the area he has purchased. For all works related to the construction of a new property for the Biedronka chain and the demolition of the facility at ul. Piątkowska is the responsibility of the Strabag company.
The process of relocation of the Biedronka supermarket is the first step that will bring us closer to the main part of the multi-stage PRS investment in Poznań. At the beginning of next year, we plan to start the construction of the first phase of the complex at ul. Piątkowska. As part of this stage, we will construct two buildings that will provide a total of over 300 apartments for rent, comments Jacek Wesołowski, managing director of Trei Real Estate Poland.
Western influence on institutional leasing in Poland:
PRS in Poznań will provide a total of 450 apartments for rent located in three buildings. The complex will offer over 19,000 sq m. a comfortable space with a complex function. The investment is distinguished by its location – located between the Winiary and Winogrady estates, near the Cytadela Park, university campuses of Poznań universities, but also in close proximity to the city center, the Old Market Square and numerous commercial facilities, which means that tenants have the entire offer of the city at their fingertips .
We are building the Poznań PRS on the model of our investments in other countries. As in Germany and the USA, the apartments that will be built here will be fully rented. Buildings will be designed in a way specific to the PRS function. The apartments will be fully equipped with modern kitchens and bathrooms. The entire complex will be professionally managed, which will guarantee comfort that is often difficult to find on the private rental market. The management service is one of the distinguishing features of PRS housing estates compared to standard housing investments. In addition to the residential function, we will offer many additional services, incl. stores with basic products. Such a facility will better suit the needs of people who do not want to stay in one place for a long time, adds Jacek Wesołowski.
The investment in Poznań is the first implementation of PRS Trei in Poland. The developer is distinguished by international experience and unique know-how, which he has accumulated during its operations on other markets, including in the USA and Germany. In these two countries, Trei has built a total of four housing estates offering 900 apartments available in the institutional lease formula. Currently, the developer is implementing 20 more PRS investments, which will provide a total of 3,600 apartments. These estates are located in Berlin, Mainz, Hamburg, Munich, Nashville, Charlotte and Raleigh.
Trei diversifies the business model in Poland even more:
Trei Real Estate has been present in Poland since 2008. The developer started his activity by building retail parks, the first of which he opened in 2013 in Nysa. Currently, its portfolio includes 29 properties of this type, which it is building under the common brand Vendo Park and is planning further projects. In 2019, the investor also made his debut on the Polish housing market, he purchased a plot of land with a residential development project on Wielka Wyspa in Wrocław. The Bacciarellego 54 estate, which is being developed by Trei, will provide a total of 278 apartments. Currently, the developer is building the third and fourth stages of this investment. Trei’s portfolio also includes the Kraft estate in Łódź, the first stage of which has just been granted an occupancy permit. Both of these projects offer flats for sale. The investor’s plans include further projects in the residential sector, including in Warsaw.
In Poznań, we are preparing a pilot investment in the PRS sector, in which we plan to develop our business. However, we will not give up building apartments for sale. We have experience in this market, our investments have achieved very good sales results, we have also built a very good team. In these two sectors, we will be building simultaneously, Jacek Wesołowski sums up.
