Thursday, 28 May 2026
The sale of 18 completed residential rental projects from Resi4Rent to Vantage Development, part of the TAG Immobilien group, has been completed following approval from Poland’s competition authority.
The portfolio includes 5,322 rental apartments located across Warsaw, Kraków, Wrocław, Gdańsk, Łódź and Poznań. The transaction value exceeded PLN 2.437 billion, equivalent to approximately EUR 575 million.
According to the parties involved, the deal represents the largest transaction completed to date within Poland’s institutional private rented sector (PRS). The agreed purchase price reflects an estimated forward net operating income yield of around 6.3 percent for 2026.
Following the transaction, Resi4Rent will continue operating and developing its remaining portfolio, which includes nearly 4,000 units consisting of completed assets and projects currently under construction.
Rafał Mazurczak, COO of Echo Investment, said the transaction reflects the development of the institutional rental housing market in Poland and confirms continued investor interest in the sector. He added that the company intends to continue expanding its remaining portfolio across Poland’s largest urban markets.
Resi4Rent was established in 2018 as a joint venture between Echo Investment, which holds a 30 percent stake, and a global investment fund advised by Griffin Capital Partners, which owns the remaining 70 percent.
Tomasz Kosieradzki, Director at Griffin Capital Partners, said the transaction forms part of the planned rotation of stabilised assets within the portfolio. He added that the company continues to view Poland’s residential rental market as an attractive long-term investment segment supported by housing shortages, urbanisation trends and growing demand for professionally managed rental accommodation.
Resi4Rent currently manages the full rental process, including development, leasing and property management. The platform’s apartments are offered as furnished units under institutional management standards and currently house around 18,000 residents.
According to market estimates cited by the company, Poland’s institutional PRS market could expand from approximately 27,000 units by the end of 2025 to around 45,000 units by 2030.
