The Puławska 186 building will be owned by Aurec Capital group.
Another transaction on the PRS (Private Rental Sector) market in Poland. The Puławska 186 building with over 200 residential units will be owned by Aurec Capital group.
February 4th 2020 Aurec Capital Poland signed an agreement concerning the conclusion of one of the largest transactions on the Polish market for the sale by the developer the entire residential building on the PRS (Private Rental Sector) market. The subject of the transaction worth over PLN 100 million is the investment “Puławska 186”. In accordance with the previous assumptions, the whole transaction is carried out in the structure of forward funding, which means that the buyer of the property is at the same time the party financing the investment process, while the whole project from the developer’s side will be conducted until its completion by the developer.
The date of completion of the investment is agreed at the turn of 2021/22. The investment will be part of its PRS portfolio – LivUp – a long-term rental brand with a wide range of additional services). Aurec Capital group is one of the world’s leading investment groups and conducts diversified activity in various sectors. Apart from the real estate segment, in which it has extensive experience also on the Polish market, the Company invests and operates in: infrastructure, venture capital, private equity and more.
“This transaction proves our growing activity on the Polish real estate market. At the same time, it strengthens Aurec Capital’s position as one of the leading investor and operator on the Warsaw residential market. It is also another step in building a new, higher quality of rental market in Poland” – says Roee Shamir, Managing Director of Aurec Capital Poland.
The “Puławska 186” project is a 17-storey overground building with more than 200 residential units and 86 parking spaces. The investment was commenced in the fourth quarter of 2019 and is scheduled to be completed at the turn of 2021/22. The location of the building makes it an excellent project from the point of view of an investor operating on the long-term rental market in the business segment, as well as a potential resident and tenant. The Wilanowska metro station, nearby Galeria Mokotów and the airport less than a quarter of an hour away by car are strong advantages for tenants.
Aurec Capital Poland is extending with yet another transaction in Warsaw
Aurec Capital Poland, via its PRS brand - LivUp, has acquired another property in Warsaw located in Praga Północ district at Targowa 17.