Nuveen Real Estate, Value One complete second student living asset in Poland
Nuveen Real Estate, with its joint venture partner Value One, has completed the development of Fabryczna 22, the second Polish student living asset to be delivered by the two firms’ Eagle joint venture.
Located in Poland’s third-largest city, Wrocław, the asset was designed by award-winning Polish architectural firm Kuryłowicz & Associates and accommodates 512 beds with a range of student amenities including a gym, resident lounges, study rooms, music room, private dining room, laundromat and rooftop terrace. The asset will be managed by Value One’s student accommodation operator, MILESTONE.
The Eagle joint venture with Vienna-based Value One was formed in 2019 to forward fund and develop student accommodation assets across Europe. The completion of MILESTONE Fabryczna follows the acquisition of MILESTONE Wrocław Ołbin, also known as Prusa 9, in July 2021, which was redeveloped and expanded to accommodate 286 beds. Collectively, the venture now holds 800