Located on Ciołka Street in the vibrant Wola district, the development will provide 628 modern rooms across eight floors. The asset will be operated under the Student Depot brand, which serves nearly 4,200 students across Poland. The property is set in an attractive district for students and young professionals, with key transport connections providing access to key educational institutions and prime city centre attractions within 30 minutes.

Construction on the Ciołka Street site is expected to begin in March 2025, with an expected opening in September 2026. The scheme will offer a wide range of amenities, including large communal kitchens, study and event space, a restaurant, hospitality area and rooftop terrace and state-of-the-art gym.

Warsaw is home to Poland’s top-rated university and hosts c.257,000 students, while being one of the most undersupplied cities for PBSA (Purpose Built Student Accommodation) in Europe, with a PBSA coverage ratio of under 10% (including future pipeline), which is less than 1% in the case of modern, privately-operated stock.

Jacek Kałużny, Head of Operational Capital Markets, Savills Poland, says: “Demand for PBSA in Poland is on the rise from both domestic and international investors, particularly those with exposure to other real estate sectors who are already active in the region. The international student population in Poland, notably in Warsaw, has continued to rise unabated since Covid-19, and a growing domestic participation rate in further education is adding further pressure on student housing. Student Depot is one of the largest operators of student housing in the country and we are delighted to have completed the sale of this property to them on behalf of our client.”

Marcus Roberts, Head of Savills European Operational Capital Markets, says: “There are c.1.24m students enrolled in higher education in Poland, making it the fifth largest student market in the European Union. Whilst the country’s PBSA market has seen significant development in recent years it remains in its nascent stages, thereby making it an attractive market for investment that is primed for further growth.”