Nrep, a Scandinavian real estate investor, has expanded its residential operations in Poland with the acquisition of two co-living properties in Gdańsk. The investments, made through the NSF V fund, mark the company’s first residential activity outside of Warsaw. The move is part of Nrep’s broader strategy to grow its housing segment in Poland by developing functional and community-oriented residential spaces. The acquired buildings are located on ul. Nad Stawem in Wrzeszcz and ul. Siennicka in Śródmieście. Both properties will operate under the Noli Studios brand, which offers furnished private apartments with access to shared amenities such as coworking areas, communal kitchens, wellness spaces, and lounges designed to encourage social interaction among residents and guests. According to Maciej Piotrowicz, Head of Nrep Poland, entering the Tri-City market aligns with the company’s long-term growth plans. He noted that Gdańsk, with its steady development and demand for contemporary residential formats, presents a suitable environment for expansion. The property on ul. Nad Stawem, Noli Gdańsk Wrzeszcz, includes 190 studio apartments and approximately 450 square meters of communal space. Located near the Gdańsk Wrzeszcz station and Galeria Metropolia, it features a gym, sauna, shared kitchen, and a cinema room. Noli Gdańsk Riverside, situated on ul. Siennicka, offers 233 apartments and 300 square meters of shared areas. It overlooks the Martwa Wisła River and is within walking distance of the Old Town and Granary Island. Both buildings incorporate energy-efficient systems and sustainable features. The Wrzeszcz property has received LEED Gold certification, and certification for the Riverside building is in progress. Each development includes technologies such as heat pumps and photovoltaic panels to reduce environmental impact. Magdalena Terefenko, Vice President at Nrep Poland, stated that sustainability and resident comfort were central considerations in these developments. She noted that the projects are intended to meet rising demand for environmentally conscious housing. Nrep currently operates two residential platforms in Poland: Well, which includes rental apartments in Warsaw’s Praga Północ, Mokotów, and Bemowo districts; and Noli Studios, with a site already operating in Mokotów and additional locations in Finland. The Gdańsk properties were acquired from Nowa Przystań and City Camp. Michał Rułka, President of the Management Board of the seller, described the transaction as professional and collaborative. Legal advisory for the deal was provided by CMS. Technical consulting was managed by Avison Young and Gleeds, and tax advisory was provided by Koda.