Develia and The Heart want to create apartment rental management platform

Develia has entered into a joint venture agreement with The Heart, a venture building company. The agreement will create a company whose main product will be an apartment rental management platform aimed at institutional and individual investors, Develia reported. Capital expenditures for the project will total PLN 8.5 million over three years. Develia's total target commitment will be a maximum of PLN 7.5 million.

The platform will be a comprehensive rental service tool, covering the entire process starting from the marketing of premises for rent, through carrying out the apartment rental process and rent settlement, to additional services for tenants – such as catering, cleaning, or repairs.

"This will be a convenience for both landlords, whether they are funds or individual clients, but also for people looking for apartments for rent. Growth in the institutional rental market is one of the important goals we have set out in our strategy for 2021-2025, and the platform will be an additional element that will complement and enhance the value of our offer to PRS investors," Develia CEO Andrzej Oślizło said.

(ISBnews)