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New investor enters Warsaw market with first student housing project
BPI Real Estate Poland, in partnership with Acteeum Group, has sold a site in Warsaw to Romanian-Belgian real estate developer Speedwell. This marks Speedwell’s entry into the Polish market, where they plan to develop their first student housing project. Located in the Mokotów district, the project will offer approximately 600 beds and is set to begin construction in Q1 2025, aiming for completion before the 2026-2027 academic year. Speedwell, known for its commitment to sustainability and high European construction standards, sees this as the first of many projects in Poland.
“We are pleased that the project will be developed by Speedwell, who shares similar values to ours: delivering the highest standard and strong commitment to sustainability which align perfectly with our mission as an ‘Urban Shaper for Good,” added Béranger Dumont, General Manager at BPI Real Estate Poland.
DLA Piper Advises on Sale of Iconic Wenceslas Square Office Building
DLA Piper’s Prague office has advised Komerční banka on selling its subsidiary’s historic building at Václavské náměstí 42 to the City of Prague for over CZK3.3 billion (€131 million). The transaction, completed on July 1, 2024, will see the city relocate several hundred officials into the building, which has undergone recent sensitive reconstruction. Komerční Banka will remain a tenant until the end of 2026. DLA Piper’s team was led by real estate practice head Michal Hink.
DLA Piper partner, Michal Hink, commented “We‘re very pleased to have been part of this unique transaction, which represents the largest single asset deal of the year so far.”
Faedra Group Successfully Raises Capital in the Industrial-Logistics Sector
Faedra Group has successfully raised €17 million through the Faedra II Real Estate Development Fund, managed by Faedra Fund Management Ltd. The capital will be used for industrial logistics developments in Hungary, following significant investor interest and maximum issuance subscription. Concorde Securities Ltd. handled the capital raising and distribution. Faedra Group, known for its industrial logistics and residential developments, plans to continue expanding in its existing asset classes and explore new opportunities.
“This successful capital raising confirms the trust investors have in Faedra, which is based on competence, delivering previous yield promises, and outstanding yield potential. It also enables Faedra to strengthen its logistics branch, continue successful industrial-logistics development projects from recent years, and exploit identified opportunities in this asset class,” said Bence Boronkay, founder and CEO of Faedra Group.
