The Lett Markowska project in Warsaw's Praga Północ district, being developed as part of the housing platform by Nrep, has received financing of 60 million PLN from Santander Bank Polska. The funds will be allocated to the development of the investment, which includes 179 rental apartments. This marks the first collaboration between Nrep and Santander Bank Polska.
Santander Bank Polska's commitment to financing the Lett Markowska project is an important step for us in developing the rental housing offer in Poland. The support we have received enables us to create more modern, comfortable apartments in convenient, well-connected locations. Nrep's priority is not only to deliver high-quality units in line with sustainable development principles but also to build a supportive community that provides space for both work and relaxation. We thank Santander Bank Polska for their trust, which will contribute to expanding the housing options for the residents of Warsaw. – said Maciej Piotrowicz, Head of Nrep Poland.
The Private Rented Sector (PRS) market in Poland is beginning to develop. We see significant interest from investors in this product, as well as from tenants who are eager to take advantage of the available offerings – which highlights its immense potential. An important aspect of this market is the implementation of environmentally friendly and energy-efficient investments. To ensure stable growth in this segment, experienced and financially robust investors are needed. That is why Santander Bank Polska, as a leader in commercial real estate financing in Poland, actively supports the development of PRS. We are honored that Nrep has chosen our bank as its partner for a new PRS project in Warsaw.- said Brendan Long, Managing Director of the Commercial Real Estate Financing team at Santander Bank Polska.
About Nrep
Nrep is a real estate investor committed to driving real change in the industry to benefit people and planet. Taking a holistic, long-term approach when investing across real estate segments, primarily residential, logistics, care homes and offices, Nrep is recognized for its ability to reimagining the built environment, including several large-scale neighborhood developments. The company manages 8 million square meters of real estate projects across Denmark, Finland, Sweden, Norway, Poland, and Germany, and has more than 400 employees across Europe. Nrep is part of Urban Partners. For more information, visit www.nrep.com
Media contact:
Patrycja Rabińska, Mariel & Haan Communications, +48 504006016, patrycja.rabinska@marielhaan.com
Marta Lewicka, Mariel & Haan Communications, +48 603740630, marta.lewicka@marielhaan.com