Resi4Rent sells PRS portfolio for €575 million
On May 27, Polish real estate developer Echo Investment announced that its subsidiary Resi4Rent had completed the sale of 18 residential rental projects for more than 2.437 billion PLN (575 million euros). This is the largest transaction to date in Poland’s institutional private rental housing sector (PRS).
The portfolio, comprising a total of 5,322 apartments in Warsaw, Kraków, Wrocław, Gdańsk, Łódź, and Poznań was sold by Resi4Rent—a residential rental platform jointly owned by Echo Investment and Griffin Capital Partners—after the Polish Competition Authority granted its unconditional approval.
The purchase price corresponds to an expected future NOI yield of approximately 6.3% in 2026.
“With a transaction value of over PLN 2.437 billion, or approximately €575 million, the completed deal represents the largest transaction in Poland’s institutional private rental housing sector and marks an important milestone for the further institutionalization of the country’s rental housing market,” Echo Investment stated in a press release on May 27.
Following the completion of the transaction, Resi4Rent will continue to hold a portfolio of nearly 4,000 units, including existing properties and projects under construction. Echo Investment will retain a 30% stake, while a global investment fund advised by Griffin Capital Partners will hold 70%.
“Upon completion of the transaction, Resi4Rent will continue operations and further expand its remaining portfolio. The platform retains nearly 4,000 units, including properties already in operation as well as projects under construction,” the statement said.
“We remain committed to further expanding the platform’s remaining portfolio in Poland’s key urban markets. Approximately 3,000 additional units are expected to come online in 2026,” said Rafał Mazurczak, COO of Echo Investment.
According to forecasts, the institutional PRS sector in Poland is expected to grow from approximately 27,000 units at the end of 2025 to about 45,000 units by 2030. This would represent an increase of approximately 66% over four years.
Echo Investment emphasized that, despite strong demand, the Polish PRS market remains significantly underserved compared to Western European markets.
“The completion of this significant transaction reflects the planned sale of a stabilized portion of the portfolio as well as the realization of value created for investors. In the next phase, we will focus on the further expansion of the Resi4Rent platform, as we remain convinced of the attractiveness of the Polish rental housing market,” explained Tomasz Kosieradzki, Director at Griffin Capital Partners.
He added that the ongoing housing shortage, ongoing urbanization, and growing demand for professional and flexible housing solutions make the Polish PRS market one of the most attractive investment opportunities in Europe.
