2025-01-08
residential
Eiffage Immobilier Polska has sold its first Private Rented Sector (PRS) development, Białostocka 5D, to Heimstaden, one of Europe’s largest institutional rental operators. Located in Warsaw’s Praga-Północ district, the project was built by Eiffage Polska Budownictwo and represents the first “forward purchase” agreement signed by Eiffage Immobilier Polska. “One of the main pillars of our development strategy in Poland is a strong focus on the PRS and PBSA (Purpose-Built Student Accommodation) sectors, particularly through build-to-rent projects, which we view as the most promising direction,” said Tymon Nowosielski, President of Eiffage Immobilier Polska. “The Białostocka 5D project was our first step toward realizing these ambitions. Successful delivery of such projects requires close collaboration with a trusted partner, and this transaction confirms that Heimstaden was an excellent choice,” he added. The Białostocka 5D development offers 185 rental units ranging from 25 m² to 78 m² (1-4 rooms) across a total area of nearly 8,000 m². The top-floor apartments feature terraces with panoramic views of Warsaw, including the National Stadium, the Old Town, and the Koneser Praga Centre. The development includes an underground garage with 49 parking spaces, four of which are equipped with electric vehicle chargers. Over 100 bicycle racks, tenant gardens, and a green courtyard with a connected patio enhance the community-focused environment. Additionally, the project includes 2,300 m² of space for three public service units. Designed by the Foroom architectural studio, the building complements the northern frontage of Białostocka Street with a C-shaped layout. Its design harmonizes with the surrounding area, featuring a white façade that matches the existing streetscape and a brick motif reflecting the neighboring Koneser Praga Centre. The façade is further animated by a checkerboard pattern of windows and balconies, creating a visually dynamic structure. Białostocka 5D is situated in the heart of Warsaw’s Praga-Północ district, adjacent to Galeria Wileńska and directly across from the Koneser Centre. Its proximity to Warszawa Wschodnia railway station and nearby tram and bus stops ensures excellent connectivity to the rest of the city. The project aligns with Eiffage’s strategy of responsible urban densification, contributing to sustainable development in Warsaw’s growing metropolitan landscape. The successful completion and sale of Białostocka 5D underscore Eiffage Immobilier Polska’s commitment to innovative, high-quality developments that meet the needs of both tenants and urban communities. This project marks a significant milestone in the company’s expansion into the PRS market in Poland.