Leach & McGuire, a specialist in the Polish PRS market, has started official cooperation with Swedish sector heavyweight – Heimstaden Bostad. Under the newly signed contract, Leach & McGuire will be responsible for kickstarting both the rental and the property management of Heimstaden’s Polish housing portfolio.
Leach & McGuire and Heimstaden Bostad have signed an agreement to start work on two buildings that Heimstaden purchased in Warsaw earlier in 2021 from Marvipol, specifically ‘Unique Tower’ on ul. Grzybowska comprising 136 apartments and ‘Moko’ (Botanika) on ul. Bokserska featuring 477 residential units.
“We are obviously delighted to have been chosen by the Heimstaden team to take on the letting and property management of their upcoming projects and rolling out their ‘Friendly Homes’ concept in Poland. We look forward to adding our local knowledge and experience of the Polish market to Heimstaden’s own vision and vast build-to-rent (BTR) experience from other countries. We and our team have already been working hand-in-hand with the Heimstaden team for some time on these schemes and are very excited to be launching the letting in the near future,” commented Tom Leach, Director at Leach & McGuire.
Leach & McGuire currently manage 3,000 residential premises in 11 different cities across Poland.
Heimstaden’s decision to select Leach & McGuire as a local partner in Poland is also an indirect comment on the recent market debate. It concerns the growing willingness of PRS owners in Poland to outsource real estate management to specialist external companies, which in turn results in the progressive development of services in this sector on the Polish market, as well as defining the market standard of this service segment in Poland.
Heimstaden is one of the three largest private residential property owners in Europe and has so far acquired approximately 4,000 apartments under development in 18 different projects in Warsaw, Krakow, Gdańsk, Poznań and Wrocław.