Revetas Capital is planning to convert its office landbank portfolio of around 90,000sqm of potential space in three Polish cities into residential projects, as it enters the private rental sector.

Under the London-based investor’s plan, residences for up to 2,000 people should be developed in major university cities in Poland. According to the company, the decision has been taken in response to post-Covid market trends, like working from home, and the increasing demand for residential property.

The seed pipeline includes four projects owned by Revetas already through its managed funds in Warsaw, Kraków and Katowice. This would lay the foundation for an institutional PRS platform on a larger scale, while an additional pipeline is being reviewed.

Eric Assimakopoulos, a founding partner of Revetas Capital, said: “Our approach is currently focused on logistics and industrial, for which we launched several key projects, as well as PRS and hospitality across Europe, based on solid demand drivers. In Poland, for example, the estimated 1.5m apartment shortage represents strong organic demand, underpinned by a 38m population, a growing urbanisation rate of 60% vs. 72% in the rest of the EU.”