Aurec Capital Poland, via its PRS brand – LivUp, has acquired another property in Warsaw located in Praga Północ district at Targowa 17. This is the third PRS investment purchased by the company. In March this year, the company became the owner of Puławska 186 project, while earlier the company acquired project located at Jagiellońska 36.
Project “Targowa 17” will include 3 buildings with about 150 apartments and retail units. The construction of the investment started in Q2 2020 and the planned completion of the construction is scheduled for early 2022. The property under LivUp brand is conveniently located within a walking distance from Stadion Narodowy metro station, in the vibrant district of Praga Pólnoc in Warsaw, close to Skaryszewski Park, Teatr Powszechny and Wedel chocolate factory.
Aurec Capital Poland is launching a new brand – “LivUp”, which will be offering apartments for long-term rental with additional services and amenities dedicated to its tenants.
“LivUp properties are addressed to everyone who values lifestyle, comfort, time-saving and the opportunity to enjoy the city’s best options. Each of LivUp properties, which we have purchased is in a convenient commute point, with the presence of numerous restaurants, theatres, clubs, and other services, all at a walkable distance. LivUp properties will offer numerous amenities and services available for its tenants, including a fitness room and lounge area, dedicated events, and e-commerce services – all at quality standards. What distinguishes our brand is the emphasis we put on the tenant’s needs – starting with a well-established commute, as well as the great emphasis on creating relationships between the tenants themselves and the quality of service and response of the owner. The scope of our services and facilities will adapt to our tenants’ needs and changing lifestyles. We are introducing a new quality in the residential rental market,” says Roee Shamir, Managing Director of Aurec Capital Poland.
The first project under LivUp brand is located in Praga Północ, at Jagiellońska 36, Warsaw – near Dworzec Wileński metro station. The tenement house from 1898 has been restored with maintaining unique historic elements. Currently, fit-out works are being carried out to adjust the spaces for tenants’ needs. The entire investment consists of two interconnected residential buildings in which 83 apartments will be available to tenants this August.
LivUp portfolio also includes a property located in Mokotów, close to Wilanowska Metro station. The construction commenced in Q4 2019 and shall be completed in Q4 2021. Puławska 186 is a unique, 17-storey building with more than 200 units. One of the biggest advantages of this investment is its location – only 2 minutes on foot to the metro station.
LivUp brand currently holds almost 500 both residential and commercial units. The company continues to invest in the Polish market and plans to create a PRS portfolio of thousands of units in the coming years.