Saturday, 10 May 2025
Develia has acquired a plot of land in Wrocław’s city center, where it plans to develop a student dormitory with approximately 600 rooms and two commercial units. The property, located at Plac Orląt Lwowskich, was purchased from a company within the Puro Hotels financial group for PLN 40.6 million.
Karol Dzięcioł, a member of Develia’s management board, emphasized the strategic importance of the location, noting its excellent transport connections to universities and other parts of the city. He highlighted that this investment aligns with Develia’s strategy to diversify its core residential development business. Poland ranks among the leading European countries in terms of student population, yet the availability of student accommodation remains low. The average dormitory coverage rate stands at just 9.4%, with private student housing accounting for only 1.2%—significantly below the levels observed in Western Europe. Dzięcioł pointed out that the PBSA (Purpose-Built Student Accommodation) market in Poland is far from saturation and has strong growth potential.
The newly acquired 3,200-square-meter site is located at Plac Orląt Lwowskich 13-18, just 300 meters from Wrocław’s Świebodzki Railway Station. The sale of the property aligns with Puro Hotels’ revised post-pandemic strategy, which prioritizes expansion into new markets. According to Przemysław Wieczorek, CEO of Puro Hotel Development, the group is focusing on growing its hotel portfolio, with plans to open a second hotel in Warsaw at Canaletta Street 4 in the coming days. Additionally, Puro Hotels is currently developing two properties abroad in Budapest and Prague, with further investments planned.
Develia’s preliminary schedule envisions construction of the Wrocław student dormitory beginning in 2026, with completion expected two years later.
