Heimstaden Bostad AB has purchased the 400-apartments’ residential project Aurora in Warsaw from the developer company Dantex. The transaction is structured as a turnkey forward funded acquisition, where Heimstaden Bostad does not carry any direct development risk. Completion is scheduled for mid-2024.
The project is part of successful larger housing development in the attractive Wlochy district, 10-15 minutes outside the centre of Warsaw and in close walking distance to the Jerozolimskie train station and the business district Jerozolimskie Corridor. The properties have a total of 19,550m² of lettable space which includes a good mix of studios and 1, 2 and 3 bedroom homes with an average size of 49m², all fully furnished to Heimstaden standard.
“The Polish economy and housing market present strong investment fundamentals for our residential product and we believe it will continue in the years to come. We are pleased to announce the purchase of these quality homes in a very attractive part of Warsaw, which will further strengthen our presence in the capital,” said Stanislav Kubacek, Managing Director of Heimstaden's Investment Team for Eastern Europe.
“With our sustainable and customer centred mindset, we are establishing a strong and efficient inhouse management platform that will provide excellent service and sustainable and Friendly Homes to our Polish customers, in line with our evergreen commitment to the Polish Housing market,“ said Przemek Orchowicz, Head of Operations for Heimstaden in Poland.
