StudentSpace, a student housing platform, launched earlier this year by Signal Capital Partners, Griffin Capital Partners, and Echo Investment, announced the start of the construction of its first investments. The company has secured two prime plots in Krakow for the development of two state-of-the-art dormitories.
Strategically located near public transportation, these new dormitories will provide convenient access to universities and downtown areas, accommodating over 1,200 students. Looking ahead, StudentSpace plans to launch projects in Warsaw, with construction expected to begin next year. These are the first investments by StudentSpace, which aims to build 5,000 beds over the next 3 to 5 years. The company also launched a website and brand identity.
Nebil Senman, Co-Owner and Managing Partner at Griffin Capital Partners said: “Poland is home to 359 universities and other higher education institutions, with a student body exceeding 1.2 million, including over 105,000 international students. A significant issue for students in Polish cities is the limited availability of private-operated housing and the poor quality of university-operated housing. The strength of the PBSA sector is driven not only by a growing number of international students but also by elevated expectations from the domestic sector. The solid fundamentals and the potential for substantial returns, propelled by strong rental growth, are crucial for our further projects within StudentSpace.”
Image provided by Grayling.
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