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 marks the completion of the largest transaction to date in Poland’s institutional rental housing sector, known as the Private Rented Sector (PRS). The portfolio comprises 5,322 units located in Warsaw, Kraków, Wrocław, Gdańsk, Łódź and Poznań. The transaction was completed after receiving unconditional approval from the Polish antitrust authority.
The value of the transaction exceeds PLN 2.437 billion, or EUR 575 million, making it the largest deal ever recorded in Poland’s institutional PRS sector and an important reference point for the further institutionalisation of the domestic rental housing market. The purchase price corresponds to a projected NOI yield, or net operating income yield, of approximately 6.3% in 2026. Following the completion of the transaction, Resi4Rent will continue its operations and the development of its remaining projects. The platform’s portfolio will still include nearly 4,000 units, comprising both operational assets and projects under construction.
“This transaction represents 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, comprising nearly 4,000 units in key urban markets in Poland, of which around 3,000 will be available in 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 holding 70%, advised by Griffin Capital Partners. Following the completion of the transaction, the shareholders will remain involved in the development of the Resi4Rent 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 Poland’s leading institutional rental housing platforms. The completion of this landmark transaction reflects the planned rotation of the stabilised part of the portfolio and the materialisation 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 compelling investment opportunities in the region, supported by 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 by Resi4Rent from the very beginning: building a scalable, professionally managed rental housing platform in Poland,” commented 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 to leasing, property management and tenant services. Furnished and fully equipped apartments are offered on transparent lease terms and in line with professional management standards. The units made available 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 being supported by strong demand fundamentals. As a result, Poland’s institutional PRS sector is expected to grow from around 27,000 units at the end of 2025 to approximately 45,000 units by 2030, representing an increase of around 66% over four years.
