:
Poland: Polish residential rental provider Resi4Rent has agreed to sell 18 assets to TAG Immobilien’s BTR division Vantage Development for €565 million.
The deal has been called “record-breaking” for Poland’s rental market, but is still subject to regulatory approval.
It will see Vantage acquiring 5,322 units in 18 projects across six Polish cities, with an expected forward-looking net operating income yield of 6.3 per cent in 2026.
Resi4Rent is a joint venture between Echo Investment, which has a 30 per cent share, and a global investment fund advised by Griffin Capital Partners, which owns the remaining stake.
The proceedings from the transaction, which is expected to be finalised by December 15, will be used by Echo Investment to reduce debt, finance new projects and will be also distributed to shareholders, the company said.
Rafał Mazurczak, COO of Echo Investment, said: “Together with our partners, we are proud to have created a major operator in the accommodation rental business in Poland. The fully leased Resi4Rent offer successfully responds to increasing urban mobility and demographic trends in major cities. In line with Echo Group’s profitable growth strategy, we are divesting selected mature assets in the living segment while continuing to focus on new projects and the interests of our stakeholders. Importantly, we remain fully committed to growing our accommodation rental business and developing the remaining Resi4Rent portfolio of approximately 4,500 units. Of these, 3,800 units are expected to be operational already in 2026, underscoring the strong performance and long-term potential of the platform. The successful deal with Vantage Development, part of TAG Immobilien Group, confirms that our alternative real estate investments attract leading strategic investors.”
Highlights:
• Polish residential rental provider Resi4Rent has agreed to sell 18 assets to TAG Immobilien’s BTR division Vantage Development for €565 million
• Vantage will acquire 5,322 units in 18 projects across six Polish cities
• Resi4Rent is a joint venture between Echo Investment, which has a 30 per cent share, and a global investment fund advised by Griffin Capital Partners, which owns the remaining stake
