The largest player in the PRS market – Resi4Rent is dynamically expanding its portfolio. The company has completed another building in Warsaw. The new investment is a continuation of the Resi4Rent Warsaw Woronicza project, which has been very well received by customers. It is a 5-story building with 344 subscription apartments.
The building, located at 1 Biała Flota Street in Mokotów district, in Warsaw, provides residents with both access to Warsaw’s business centre as well as the opportunity to be close to nature in the plentiful green areas in this part of the city. The offering of subscription apartments meeting the needs of the market, location in a developing neighbourhood with a lot of business infrastructure and superbly connected with other parts of Warsaw meant that the first stage of the Warsaw – Woronicza development, which was commissioned last November, was leased in just 6 weeks after obtaining an occupancy permit.
“Our portfolio of subscription apartments in Warsaw is expanding, and thus we already have more than 1,500 apartments in the capital alone. The new project is located in one of the most attractive districts of the city. Mokotow is an excellent location, which was proven by the exceptionally short time needed to ensure full occupancy of the first stage of this project. Such a high interest in our offering also shows that PRS projects are a solution with great potential that responds to current consumer needs. Warsaw has always struggled with a shortage of apartments, and the institutional rental sector is an opportunity to increase the supply,” says Slawomir Imianowski, President of Resi4Rent.
The Resi4Rent Warsaw Woronicza investment consists of 2 buildings, which together offer more than 500 subscription apartments and is in line with the 15-minute city concept. It is located close to the public transport infrastructure – there are bus stops nearby and a well-developed road network providing easy access to, among others, Chopin Airport (about 10 minutes by car), as well as Żwirki i Wigury railroad station (about 7 minutes on foot). The location is also perfectly suited to the needs of professionally active people – offering easy access to the Służewiec office district or to the city centre.
Those interested in Resi4Rent’s offering can choose from the following apartments: Studio (1-bedroom), Comfort (2-bedroom) and Family (3-bedroom). They can choose the floor of the building or the view from the window, and most importantly, the duration of the contract: 3, 6 or 12 months with guaranteed unchanged terms. The subscription apartment service includes accommodation in a fully furnished and equipped unit, Wi-Fi access, a dedicated billing management panel, technical service and constant care provided by the customer service office. Residents will also enjoy a modern co-working area, which is equipped with a table and chairs, a sofa and swings for relaxation and makes an excellent place for remote work or business meetings. The building also has parking spaces and infrastructure for cyclists.
The subscription apartment service offered by Resi4Rent in 12 investments, in 6 major urban centres: Lodz, Gdansk, Warsaw, Poznan, Wroclaw and Krakow, is highly rated by customers. In all buildings, the average occupancy rate remains at 99 percent, most contracts are renewed for subsequent years, and one in five customers comes from recommendations from satisfied residents of Resi4Rent developments.
Resi4Rent currently has more than 3,300 subscription apartments. In 2023, the company’s portfolio will expand with another 1,100 new units in Warsaw and Wroclaw. By 2025, the company aims to increase its offering to at least 10,000 subscription apartments, most of which are already in the operational or construction phase.
