Historically an iconic bakery, the property was completely refurbished and opened in September 2022. The scheme is laid out across three buildings and provides a range of ensuite and studio accommodation, split across 775 units. It offers one of the largest range of amenity space in the market, including an externally-operated gym, cinema, co-working space, shared kitchens, study and recreational rooms, in addition to an on-site grocery store, Italian restaurant, and parcel collection/drop-off point.

The property is situated by the city centre of Wroclaw offering transport links to key educational institutions and prime city centre attractions.

Jacek Kałużny, Head of Operational Capital Markets, Savills Poland, says: “Wroclaw is Poland’s fourth largest city in terms of student population, and the asset is located within two kilometres of campuses which host over 50,000 students. XIOR is one of the most active players in the Polish PBSA market 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: “Given its strategic location, strong economic growth and favourable business environment, Poland offers a compelling investment opportunity. PBSA continues to be a nascent market in the country but one with huge growth potential, attracting both domestic and international capital.”