AFI closed 2025 with a record operating performance in Poland, reporting strong business growth and sustained tenant demand across all strategic segments – PRS (AFI Home), office, and retail/service space. Signed lease agreements and high occupancy levels confirm the effectiveness of the company’s long-term development strategy and the attractiveness of its investments across three key markets: Warsaw, Kraków and Wrocław.
The past year marked a period of dynamic growth for AFI Poland across its three core segments: PRS, office and mixed-use developments. This diversified approach allowed the company to respond flexibly to market needs. Solid capital foundations, extensive real estate expertise and cooperation with trusted partners not only ensured consistent project delivery but also strengthened AFI’s market position.
PRS Segment Records Highest Leasing Results
In 2025, the AFI Home portfolio reached nearly 2,200 completed residential units, with the leasing team signing 1,656 new rental agreements. Across the entire portfolio – including projects delivered within the last 12 months – occupancy exceeded 90 percent, confirming strong demand in the institutional rental (PRS) sector.
The continued expansion of the PRS platform remains a core pillar of AFI’s strategy in Poland. The company is steadily developing the AFI Home community through initiatives, events and shared spaces that foster integration and a sense of belonging among residents. Thanks to its experience, strong capital base and proven operating model, AFI is well-positioned for further growth in this segment.
Office Sector with Record Leasing Volumes and Full Occupancy
In the office sector, AFI Poland achieved a record leasing volume of 25,550 sqm of modern office space. The company completed AFI Office House – the first phase of the Towarowa22 complex – reaching nearly 100 percent occupancy. This result confirms both the attractiveness of the location and the effectiveness of AFI’s strategy focused on sustainable, certified office projects within mixed-use urban developments.
AFI is also continuing construction of AFI Tower, the tallest building within the Towarowa22 superblock. Together with its partner, Echo Investment, the company is preparing subsequent phases of the project located on the former Dom Słowa Polskiego site. The development will give this part of Warsaw’s Wola district a new, multifunctional character, combining office, residential and service functions while respecting the site’s historical identity.
In parallel, in 2025, AFI achieved full occupancy of two boutique office buildings – AFI Bohema – forming part of the AFI Home Metro Szwedzka complex in Warsaw’s Praga-Północ district.
Growing Demand for Retail and Service Space
The retail and service segment also recorded increased tenant activity and further diversification of its tenant mix. In 2025, AFI signed lease agreements covering 3,550 sqm of retail and service space across key residential and mixed-use developments. Growing interest from tenants in the food & beverage, health, beauty and daily services sectors confirms the importance of retail functions as an integral part of AFI’s mixed-use projects in Poland.
Development Outlook and Expansion Plans
“In 2026, we plan to further expand our PRS portfolio across three key markets – Warsaw, Kraków and Wrocław – where we will soon commence work on another AFI Home project. At the same time, together with Echo Investment, we are advancing subsequent phases of the Towarowa22 development, including a 120-metre residential tower that will introduce a new standard of architecture and urban living in the very centre of Warsaw. Thanks to our experience, strong capital base and proven business model, we are well-positioned for continued growth in Poland. We are actively seeking new investment opportunities, with a focus on mixed-use projects combining residential, office and retail functions,” says Sebastian Kieć, CEO of AFI Poland.
Strong Market Position Confirmed
The year 2025 confirmed AFI’s position as one of the leading players in the Polish real estate market. With a diversified portfolio, high occupancy levels and solid capital foundations, the company continues to execute its long-term strategy, delivering projects that respond to real tenant needs and contribute to the development of modern urban environments.
