Kajima acquires third student depot site in Warsaw

Kajima Europe, the pan-European real estate investor, developer, and manager with GDP 10 billion in assets under management, has acquired its third Student Depot development site in Warsaw. The new project on Ciołka Street in the Wola district will feature 628 rooms and premium amenities, further solidifying Kajima’s position as the leading investor in student housing in Poland.

Located just a four-minute walk from the Księcia Janusza metro station on Line 2, the eight-story development will provide 10,100 square meters of Net Lettable Area (NLA), with the ground floor dedicated to concierge and shared spaces, including a co-working hub, games room, gym, lounge, entertainment space, and retail facilities.

Since acquiring Student Depot in 2019, Kajima has rapidly expanded its platform, achieving full ownership in 2023. Student Depot now accommodates nearly 4,200 students across major university cities like Warsaw, Kraków, Poznań, and Wrocław, with an additional 1,500 beds in the pipeline. This includes the expansion of Student Depot Poznań and a second project in Gdańsk.

Construction of the Ciołka Street site is set to begin in March 2025, with completion targeted for September 2026.

Jan Trybulski, Head of Poland at Kajima Europe, emphasized the strategic importance of the acquisition, stating, “This prime project aligns seamlessly with our expansion strategy for the Student Depot platform. Kajima’s deep commitment to the Polish PBSA market and proven expertise in managing student housing assets will ensure continued exceptional performance.”

Michal Obara, CEO of Student Depot, added, “Our third site in Warsaw marks another milestone for Student Depot as the largest and most established PBSA developer in Poland. We are excited to collaborate with Kajima Europe to maintain our strong track record of occupancy and rental growth.”