PL

Many small steps makes green

Small talk
CBRE recently brokered the purchase of one of the largest portfolios of rental apartments in Poland – when Swedish giant Heimstaden Bostad bought around 1,300 homes. We asked Daniel Bienias, the managing director of CBRE in Poland, about whether this is signal that major international residential investors are turning their attention to the Polish PRS market and quizzed him on some other current topics.
Does the transaction by Heimtaden mean that foreign capital has at last taken notice of the PRS market here? Daniel Bienias, the managing director of CBRE: It seems so, although it has to be said that the growth in the apartment rental market has accelerated across Europe as a result of the pandemic, even though in the West it’s been developing rapidly for quite some time now. When interest in retail and office real estate fell off a little, investors began to look around for alternatives. Rental apartments fulfil one of the two basic needs: people must always have something to eat and somewhere to live. In Poland, these trends are being driven by economic, demographic and social factors. Did it take you a long time to set up the Heimstaden deal? The talks lasted a number of months, but the entire transaction went very smoothly. The trail has now been blazed and I already know of other investments that are to follow. I’ve also heard word that soon a lot is going to start
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