Trei and KINGSTONE form partnership to develop rental apartments in Poland
Trei Real Estate GmbH and KINGSTONE Real Estate have plans to establish an exclusive long-term collaborative venture for the purpose of developing rental housing projects in major Polish cities.
In the near term, it is intended to create an investment vehicle for the onboarding of interested investors. KINGSTONE will handle the fundraising by identifying and approaching investors, set up the respective investment structure, and be responsible for the fund and asset management. Trei will act as co-investor and developer, acquire the building plots, execute all construction processes, and coordinate, together with KINGSTONE, sale of investments upon completion. Plots of land in Warsaw and Poznan have already been earmarked for the collaboration.
“Demand for modern rental apartments is definitely strong in Poland, whereas supply is very tight. The vast majority of Poles owner-occupy their homes, as the private rented sector is only just beginning to evolve,” said Pepi