Resi4Rent is the first fully integrated investor, operator and asset manager for purpose-built residential communities in Poland. With more than 1,200 apartments under construction and another 1,700 apartments ready for construction in the next 12 months, Resi4Rent will be the largest residential for rent platform in Poland. The first tenants will be able to move in during the fourth quarter of 2019.
Resi4Rent is joint-venture between R4R S.a r.l, controlled by a fund managed by one of the world’s premier investment managers, with a 70% stake, and Echo Investment, the biggest Polish developer with the remaining 30% stake. Echo Investment will provide planning, design and developments services, while Resi4Rent will lead the operational management in-house. The final agreement is subject to antimonopoly consent.
By entering the segment of rental apartments, Echo Investment have the opportunity to significantly increase the scale of its residential business. Furthermore, Resi4Rent will enrich our mixed-use and destination development schemes such as Warsaw Brewery by promoting an urban lifestyle and creating communities around it. Resi4Rent is responding to the changing way we live, work and entertain.
According to the latest issue of the Property Index report by Deloitte, only slightly more than 15% of Poles rent their apartments, significantly less than other Europeans. For instance, 23% of Czechs, 24% of Britons, 30% of Austrians and as many as 54% of Germans prefer to rent an apartment than to own one.