The European Commission has agreed to the establishment of Resi4Rent, a joint venture of PIMCO and Echo Investment, which is to be Poland’s first rental platform.
The decision was published on the Commission’s website although the company has not formally been informed. Resi4Rent will invest in and manage rental apartments and currently there is already a portfolio of 1,200 apartments under construction and a further 1,700 at the planning stage with construction to start over the next twelve months. The first residents should be moving into Resi4Rent projects in Q4 2019.
Source: english.eurobuildcee.com