PRS (Private Rented Sector) investments, which have been popular in Western Europe for years, are increasingly developing in Poland. In 2021, residential rental investments accounted for €0.6 billion of the capital invested in the country. In response to the needs of this rapidly growing sector, Colliers, as one of the first companies in the market, launched its PRS investment management and commercialization service. The first project of this kind in Colliers’ Property Management portfolio is one of the newest investments of Atrium European Real Estate in Krakow's Krowodrza district.
After launching the Living Services business line last year, which focuses on living sector projects (including residential for rent, student housing, senior housing, and residential for sale), this is another step by the company towards expanding its services for the PRS sector. Colliers already offers assistance in providing and analyzing data and transactional support in such projects.
“The institutional rental market in Poland is developing dynamically and attracting more interest from large players. Commercialization of new projects has accelerated, and rental rates are rising, so after a short period of stagnation caused by the outbreak of the war, we expect to see more transactions. This is especially important as rising credit costs have excluded many clients from the purchase market," Michał Witkowski, Head of Living Services at Colliers, said.