KWKR Konieczny Wierzbicki and Partners has advised the Van der Vorm Group on its acquisition of 119 residential units located on Siennicka Street in Warsaw.
The transaction was brokered by the Hamilton May real estate company. The Van der Vorm Group is a Dutch investment fund.
According to KWKR, "the ready-to-use apartments are earmarked for long-term rental in the private rented sector. The acquisition represents a further milestone in Van der Vorm’s expansion in the Polish private rented sector to add to their portfolio of properties in Warsaw and Krakow, consisting predominantly of residential PRS and hotel use properties."
"The commercial residential rental market in Poland is smaller compared to other European cities where we are active," Van der Vorm Group Management Board Member Margarethe van der Vorm commented. "We recognize a market where we can bring together a lot of our national and international experience to introduce a beautiful and profitable residential product. In Poland, we see a very promising market with a large, young, highly educated target group that is fully engaged in building a successful professional and life career. We offer them high-quality and fully furnished rental apartments in strategic locations in Warsaw and Krakow: within walking distance of the city center, vibrancy, and mobility. And the beauty is: there is still plenty of room for growth in Poland, in terms of space but also due to the strong Polish economy."
The KWKR team included Managing Partner Marcin Wierzbicki and Partner Lukasz Lanoszka.