The sale of 18 completed rental housing projects belonging to the Resi4Rent platform to Vantage Development, a company from the TAG Immobilien Group, has been finalised. This closes the largest transaction to date in Poland’s institutional private rented sector, or PRS. The portfolio comprises 5,322 apartments located in Warsaw, Kraków, Wrocław, Gdańsk, Łódź and Poznań. The transaction was completed after unconditional approval was obtained from Poland’s antimonopoly authority.
The value of the transaction exceeds PLN 2.437 billion, or EUR 575 million, making it the largest transaction ever recorded in Poland’s institutional PRS sector and an important benchmark for the further institutionalisation of the domestic rental housing market. The purchase price corresponds to a projected NOI yield, meaning net operating income, of approximately 6.3% in 2026.
Following completion of the transaction, Resi4Rent will continue its operating activities and the development of its remaining projects. The platform’s portfolio will still include nearly 4,000 apartments, covering both operational assets and projects under construction.
“This transaction is a landmark moment not only for Resi4Rent, but also for the entire institutional rental housing sector in Poland. Together with our partners, we have built a platform that has set new standards for professionally managed residential rental and confirmed the long-term attractiveness of the Polish PRS market for international investors. It demonstrates the maturity of the sector while also enabling the further development of Resi4Rent. We remain fully committed to expanding the platform’s remaining portfolio, which includes nearly 4,000 apartments in key urban markets in Poland, of which around 3,000 will be available as early as the first half of 2026,” said Rafał Mazurczak, COO of Echo Investment.
Resi4Rent is a joint venture between Echo Investment, which holds a 30% stake, and a global investment fund, which holds 70% and is advised by Griffin Capital Partners. After the transaction has been finalised, the shareholders will remain involved in the development of Resi4Rent’s portfolio and its potential further expansion.
“Since the establishment of Resi4Rent in 2018, Griffin has acted as the platform’s investment and asset manager, supporting the company’s business and organisational development, securing financing for its growth and leading its transformation into one of the leading institutional rental housing platforms in Poland. The completion of this landmark transaction reflects the planned rotation of the stabilised part of the portfolio and the crystallisation of value created for investors. In the next phase, we will focus on further expanding the Resi4Rent platform. We continue to believe in the attractiveness of Poland’s private rental market, which remains one of the most interesting investment opportunities in the region thanks to the persistent housing shortage, ongoing urbanisation and changing consumer preferences towards professional and flexible housing solutions. We see this as a continuation of the strategy pursued at Resi4Rent from the very beginning: building a scalable, professionally managed rental housing platform in Poland,” said Tomasz Kosieradzki, Director at Griffin Capital Partners.
Operating since 2018, the Resi4Rent platform covers the full value chain in the rental housing segment — from project design and development, through leasing, to property management and tenant services. Furnished and fully equipped apartments are offered on transparent rental terms and in line with professional management standards. Apartments provided by the platform are currently home to around 18,000 residents.
The latest market data confirms that Poland’s PRS market remains one of the most promising in Europe. It is still significantly less developed than Western European markets, while at the same time being supported by strong demand fundamentals. As a result, Poland’s institutional PRS sector is expected to grow from around 27,000 apartments at the end of 2025 to approximately 45,000 apartments by 2030, representing an increase of around 66% over four years.
