Spravia - press release

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PRS Spravia's first project in Warsaw
Spravia (the former Budimex Nieruchomości) has started a construction of two, new stages of the Mińska 69 housing estate in Warsaw. Both will be earmarked for long-term rental. The investor is Heimstaden, the substitute investor is Spravia and the general contractor is Finetech Construction.
Contract for 396 flats
The contract has been signed by: Damian Kapitan, president of Spravia and Włodzimierz Bogiel, president of the board of Finetech Construction.
According to Damian Kapitan, Spravia’s CEO, the construction started today, is the result of a May transaction in which Heimstaden – a Swedish company from the real estate for rent sector, the third largest in Europe – bought 2,500 flats in Poland from Budimex Nieruchomości, today's Spravia.
– Some of them will be built in the Mińska 69 residential complex in Warsaw. Stages IV and V (Havana and Cyrulik) of this estate will offer 396 flats. The construction works will end in the mid 2023. Next flats are being built in Kraków. And more are planned in Gdańsk, Poznań and Wrocław – adds Damian Kapitan.

Flats for long-term rental
Long-term rental plays a much greater role in Europe than in Poland. In Germany or Switzerland, for example, most people live in rented accommodation. Property ownership prevails in our country. Nevertheless, more and more people and families are deciding to rent, choosing this form of living because, for various reasons (e.g. long-term mortgage, mobility), they are not interested in buying an apartment on their own. At the same time, long-term, institutional rental is coming to prominence, as opposed to rental from private individuals, which does not offer the long-term stability and security that funds or management companies provide. This is because it is difficult to plan a life or major investments without knowing whether a tenancy agreement will suddenly be terminated.

CMS

PRS Spravia's first project in Warsaw
Spravia (the former Budimex Nieruchomości) has started a construction of two, new stages of the Mińska 69 housing estate in Warsaw. Both will be earmarked for long-term rental. The investor is Heimstaden, the substitute investor is Spravia and the general contractor is Finetech Construction.

PRS Spravia's first project in Warsaw
Spravia (the former Budimex Nieruchomości) has started a construction of two, new stages of the Mińska 69 housing estate in Warsaw. Both will be earmarked for long-term rental. The investor is Heimstaden, the substitute investor is Spravia and the general contractor is Finetech Construction.
Contract for 396 flats
The contract has been signed by: Damian Kapitan, president of Spravia and Włodzimierz Bogiel, president of the board of Finetech Construction.
According to Damian Kapitan, Spravia’s CEO, the construction started today, is the result of a May transaction in which Heimstaden – a Swedish company from the real estate for rent sector, the third largest in Europe – bought 2,500 flats in Poland from Budimex Nieruchomości, today's Spravia.
– Some of them will be built in the Mińska 69 residential complex in Warsaw. Stages IV and V (Havana and Cyrulik) of this estate will offer 396 flats. The construction works will end in the mid 2023. Next flats are being built in Kraków. And more are planned in Gdańsk, Poznań and Wrocław – adds Damian Kapitan.

Flats for long-term rental
Long-term rental plays a much greater role in Europe than in Poland. In Germany or Switzerland, for example, most people live in rented accommodation. Property ownership prevails in our country. Nevertheless, more and more people and families are deciding to rent, choosing this form of living because, for various reasons (e.g. long-term mortgage, mobility), they are not interested in buying an apartment on their own. At the same time, long-term, institutional rental is coming to prominence, as opposed to rental from private individuals, which does not offer the long-term stability and security that funds or management companies provide. This is because it is difficult to plan a life or major investments without knowing whether a tenancy agreement will suddenly be terminated.