The Student Depot acquisition by Kajima Properties and Griffin Real Estate was Poland’s first and largest Student Housing portfolio deal, comprising 2000 beds across five sites in Warsaw, Wroclaw, Lublin, Lodz and Poznan, plus a site in Gdansk (now under construction), in addition to the acquisition of the operational business that provides the marketing, management and administration services necessary for a successful PBSA platform.
Each property offers predominantly studio bedrooms with private bathroom and kitchen facilities, with some shared bedrooms, as well as communal areas, recreational facilities, co-working spaces, fitness facilities and other amenities.
Whilst the transaction was underwritten by the underlying real estate, the platform deal creates the opportunity for further investment and growth in the portfolio through development and acquisition in the coming years.
