POLAND Kajima and Griffin finish biggest dorm project

The construction of the eleven-storey, 25,000 sqm building on al. Pokoju (about 1.5 km east of the centre of Kraków) has taken 17 months. It is fully rented-out upon completion. The building contains studio flats and shared rooms as well as collegiate and quiet co-working spaces, common kitchens, a gym, a games area and a movie zone. It also features a 120 sqm west-facing terrace overlooking the historic city centre.

Each room comes with smart energy saving software, while the electricity in the building is sourced from a 100 pct renewable energy provider.

We are proud to have completed our largest residential scheme in Poland in the premier city of Kraków. The demand for this high-quality offering has been excellent and this underpins our view that the occupational fundamentals for PBSA in Poland are strong.
Stephen Young, the senior investment manager at Kajima Student Housing

In 2019, in partnership with Griffin Capital Partners, Kajima Student Housing acquired Student Depot from Oaktree Capital Management for EUR 60 mln. Since then, the partners have expanded the platform into the largest purpose-built student accommodation provider in Poland. Currently, it operates 3,200 student beds across Warsaw, Kraków, Poznań, Lublin, Wrocław, Łódź and Gdańsk, and has another 2,000 under construction or secured.