Heimstaden Bostad, the third-largest European company in the real estate for rent sector, is finalizing the purchase of 2,500 units from Budimex Nieruchomości for SEK 3.1 billion (approximately PLN 1.4 billion). As a result of the transaction, Heimstaden Bostad will become the leader in the rental housing market in Poland in the coming years.

Heimstaden buys approx. 40 percent of the current portfolio of Budimex NIeruchomości in Poland. The Swedish company will take over these properties in the next 2-5 years.

"We are acquiring apartments not only in Warsaw. We will also enter Gdańsk, Kraków, Wrocław, and Poznań for the first time," Stanislav Kubáček, who heads the Heimstaden team responsible for acquisitions in the region Central and Eastern Europe and in Germany, said.

Heimstaden will take an active part in designing, equipping, and furnishing some premises, and will also provide additional services to its clients, including reception desks, cafes, and shops. The company's vision is reflected in the offer of apartments for long-term and stable rental, implemented within the concept of the so-called Friendly Homes.

"Our main goal is to provide customers with the maximum benefits of our professional approach and the willingness to be a responsible, stable owner for years. We place great emphasis on social and environmental sustainability, the quality of life of our customers and employees. In line with our concept of Friendly Homes, we invest not only in our clients' apartments themselves but also in the surrounding communities,” Stanislav Kubáček added.

Budimex Nieruchomości has been operating on the Polish market for over 20 years. As announced, the company was acquired by Czech developer Crestyl and the Polish investment group Cornerstone.

(WBJ)