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POLAND Trei gets moving with first Polish PRS project

Residential
Trei Real Estate Poland has started work on its first PRS investment in Poland. The estate is situated on ul. Piątkowska in Poznań’s Winiary district.

The German company is currently preparing the plot for the development of complex, which will exclusively contain rental apartments. A Biedronka supermarket, which operates on the area, is now being relocated. Strabag is responsible for all the work related to the demolition of the supermarket and the construction of a new building for the retail chain.

The relocation process for the Biedronka supermarket is the first step and will bring us closer to the main part of the multi-stage project. At the beginning of next year, we plan to start the construction of the first phase of the complex on ul. Piątkowska. We are building the Poznań PRS on the model of our investments in other countries. The apartments will be fully equipped with kitchens and bathrooms, and in addition to the residential function, we will offer many additional services, including shops.
Jacek Wesołowski, the managing director of Trei Real Estate Poland

Eventually, 450 apartments and 19,000 sqm of living space are to be built along with 875 sqm of retail/services, in an investment of around EUR 41 mln. The entire project, which has been designed by Litoborski + Marciniak Biuro Architektoniczne, should be completed in 2025.

Trei Real Estate has been present in Poland since 2008, initially developing retail parks – its portfolio in the country includes 29 properties of this type, under the Vendo Park brand. In 2019, the company also entered the Polish residential market, with the purchase of a site together with a residential development project in Wrocław’s Wielka Wyspa area. The Bacciarellego 54 estate, which is scheduled for completion next year, will comprise a total of 278 apartments.

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