Linklaters has advised StudentSpace on the acquisition of two land plots for the development of dormitories in Krakow.
StudentSpace is a student housing platform launched by Signal Capital Partners, Griffin Capital Partners, and Echo Investment. According to Linklaters, “the secured plots will be developed into dormitories designed to accommodate over 1,200 students, with construction scheduled for completion before the commencement of the 2025/2026 academic year. These are the first investments by StudentSpace, which aims to develop a portfolio of 5,000 beds across key academic cities in Poland over the next three to five years.”
The first location, on Wita Stwosza street in Krakow, will feature one dormitory, accommodating around 600 students. According to StudentSpace, the dormitory will be part of a larger development, which will include both office and residential spaces by Echo Investment and Archicom (as reported by CEE Real Estate Matters on August 26, 2024).
“We are thrilled to announce the acquisition of two prime plots for new PBSA projects in Krakow, only a few months after launching our platform," said Signal Capital Partners Real Estate Investments Partner Colman McCarthy. "Strategically located, these new accommodations will offer students convenient access to their universities, greatly enhancing both their academic and living experiences. These investments underscore our commitment to advancing the PBSA market in Poland by developing projects of enhanced quality, strategically located in prime city areas to meet and exceed student expectations. StudentSpace is planning further expansion and additional investments – we have already secured two additional locations in Warsaw, but we are also exploring opportunities in other key academic cities.”
The Linklaters team included Managing Associates Tomasz Trystula and Marcin Nowak, Senior Associate Marta Strykowska, and Associate Joanna Roman.
Linklaters could not provide additional information on the matter.
