Investor Interest Soars as Poland Emerges as a Prime Real Estate Market for Student Accommodation

Warsaw, Poland – June 1, 2023 – The Polish real estate market is garnering significant attention from investors as it establishes itself as a highly promising destination for purpose-built student accommodation (PBSA).

In response to this growing interest, BONARD, a leading rented residential research and advisory firm, organized PBSA Property Tour in Poland (May 29 to June 1), in collaboration with the tour’s general partner 1 Asset Management.

The Property Tour showcased a selection of PBSA and co-living assets in three key Polish cities - Warsaw, Wroclaw, and Krakow. Among the notable brands of the visited assets were Zeitraum, SHED Co-living, Milestone, Vonder, and CA Ventures, representing a diverse range of student accommodation and co-living offerings.

The event drew participation from esteemed investors, including Invesco, Harrison Street, Heimstaden, Interland, and Forestay. Their presence underscored the growing confidence and recognition of the market's potential. "Strength of the Polish PBSA market is supported by average 99% occupancy and double-digit rental increase, which enables investors to achieve over 15% IRR and over 6% net initial yield,” said Samuel Vetrak, CEO, BONARD, during his introductory market briefing.

The Property Tour commenced on Monday, May 29, with a market briefing and a welcome dinner, bringing together over 30 stakeholders, including investors, operators, developers, banks, as well as the Polish Association of Property Developers (PZFD). The gathering provided an invaluable platform for networking, knowledge exchange, and fostering potential collaborations.

Throughout the tour, industry experts from BONARD provided insights into the market's development, projected rental increases, and project profitability, highlighting the immense growth potential and investment opportunities available in the Polish student accommodation sector.

Commenting on the event, John German, Managing Director, Alternative Investments at Invesco Real Estate stated, "The Property Tour has provided us with invaluable market knowledge and insights. We are impressed by the growth potential of the Polish real estate sector, particularly in the student accommodation space. We hope to be able to build on Invesco’s existing portfolio of office, shopping centre, logistics and hotel in Poland."

“With investor interest reaching new heights, Poland's real estate market continues to position itself as an attractive investment destination, particularly in the thriving PBSA sector,” says Ernestas Kazbaras, CEO, 1 Asset Management, the tour’s general partner.

For more information about the Property Tour and investment opportunities in Poland, please visit www.bonard.com/tour or contact data@bonard.com.

About BONARD:

BONARD is a leading rented residential research and advisory firm. With an unrivalled expertise and a global network of clients, BONARD provides comprehensive research, data, intelligence, consulting, and advisory services, empowering investors, developers and operators to make informed investment decisions and maximize their returns. For more information, visit www.bonard.com.

About 1 Asset Management:

1 Asset Management is a reputable investment management firm specializing in real estate ventures across various sectors. With a strong focus on strategic partnerships and innovative investment solutions, 1 Asset Management has established itself as a trusted player in the global market. Their diverse portfolio encompasses a range of asset classes, including residential, commercial, hospitality, and student accommodation. Combining deep industry knowledge with a forward-thinking approach, 1 Asset Management aims to deliver sustainable returns and unlock the full potential of each investment opportunity. To learn more about 1 Asset Management, please visit their website at https://1am.lt.

Media Contact:

Stefan Kolibar

Chief Partnerships Officer

BONARD

stefan.kolibar@bonard.com

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