Poland White Stone Development and Nrep join forces

The plan is to build a modern 15,500 sqm rental building with more than 480 units and 400 sqm of commercial space. The project on ul. Nocznickiego will involve the construction of 15,500 sqm of leasable space, which will translate into more than 480 units and almost 400 sqm of service space. The value of the investment is estimated at around PLN 200 mln.

The investment will be carried out under a general contracting system. White Stone Development is responsible for the construction of the project, which upon completion will be handed over to Nrep, which manages the building under the Lett brand. Tenants will have access to, among other things, modern coworking spaces and a gym.

The project in Bielany is a continuation of the strategy of building the Lett platform, offering modern premises for rent, located in attractive parts of cities. Currently, the Lett platform offers over 400 flats in three locations in Warsaw. We also plan to expand our investments to cities such as Gdańsk, Wrocław and Kraków.
Maciej Piotrowicz, head of Poland, Nrep

Colliers acted as an advisor in the transaction, while legal services were provided by Baker McKenzie and Greenberg Traurig law firms.
The investment is scheduled for completion in Q1 2027.