Saturday, 23 August 2025
WING’s Polish subsidiary has concluded one of the largest transactions in Poland’s residential rental market, with the planned sale of more than half of Resi4Rent’s portfolio to Vantage Development, part of the TAG Immobilien Group.
According to the preliminary agreement signed on 16 August, Vantage will acquire 18 residential projects comprising 5,322 rental units across Warsaw, Cracow, Gdansk, Wroclaw, Lodz and Poznan. The transaction is valued at PLN 2,405 million (EUR 565 million) and remains subject to approval from the Polish antimonopoly authority.
Resi4Rent, founded in 2018, is a rental housing platform developed and co-owned by Echo Investment – majority-owned by WING – alongside a global investment fund advised by Griffin Capital Partners. The company currently operates nearly 10,000 units and is Poland’s largest institutional residential rental provider. Following the transaction, Echo Investment will continue to develop and expand the remaining portfolio, which includes approximately 1,700 operational units, 2,200 under construction and more than 600 in planning.
The portfolio being transferred is almost fully leased, with occupancy close to 100%. The deal reflects a yield of 6.3%, highlighting continued investor demand for rental housing in Poland’s largest cities. Echo Investment stated that proceeds from the sale will be directed toward financing new development projects.
Resi4Rent’s business model covers the full investment cycle, from planning and design through construction, property management and leasing. The platform provides furnished, fully equipped units that currently accommodate around 18,000 residents.
For WING, one of Hungary’s largest real estate development and investment companies, the sale further consolidates its regional presence. Through its residential brand LIVING, the company has delivered more than 2,000 apartments in Budapest and is pursuing additional residential projects in Hungary and internationally.
