LifeSpot, owned by funds managed by Ares Management and Griffin Capital Partners, has secured access to further capital from both parties. The investment will be used to support the development of rental housing and expand the platform’s presence within Poland’s private rental sector.
Since LifeSpot's launch in 2021, the company’s portfolio has grown to about 1,400 operating units and a further 1,800 units currently under construction. The existing portfolio is regionally diversified across major Polish cities, including Warsaw, Krakow, Tricity, Wroclaw, Lodz, and Katowice. The additional equity will be directed towards further expanding the company’s portfolio, including the acquisition and construction of about 2,500 units in cities such as Warsaw, Kraków, Gdańsk and Wrocław.
The PRS market in Poland still accounts for only about 0.1 pct of the total housing stock, while the demand for apartments is high. The structural housing deficit in Poland is 1.5 mln units. Therefore, the PRS segment is particularly attractive to us as an investor, and we strongly believe in its development potential. This financing will allow LifeSpot to strengthen its position in the PRS market in Poland and provide much needed additional supply of rental units.
Marek Obuchowicz, senior partner at Griffin Capital Partners
The additional units are expected to complete in the next one to three years.
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