Zeitraum to manage its first student house in Kraków from September

We are glad that Krakow, as the first city in Poland, will join the student cities where we offer dormitories. We provide the same facilities for our residents in the Polish facility as in the Czech Republic, and the building we have taken over requires only minor changes to bring it up to Zeitraum's standards,

says Zdena Noack, managing director of Zeitraum Student Housing.

As of now, we already have close to 75 percent occupancy for the 2021/2022 academic year, and we will do our best to ensure that students feel safe and comfortable here, and that their only concern is their academic performance,

adds Zdena Noack.

With a student population of more than 1.2 million and a limited rental offer, the Polish student housing sector has solid foundations and great growth prospects. Warsaw, with a population of nearly 220,000 students, and second-placed Krakow, with 130,000 students, are among the top European cities in this respect. At the same time, accommodation dedicated to this group is still far from the level offered by the largest academic centres in the world, or even in Europe itself – both in terms of availability and quality,

notes Maximilian Mendel, head of JLL's Living Investment Team that advised the investor on the purchase of the dormitory.

Although the interest of investors looking for opportunities in the Polish living sector has been focused on the private rented sector (PRS) in recent months, I am convinced that the scale of investment in student housing will soon begin to increase. Despite the disruption caused by the pandemic, occupancy levels and rent collection rates have remained stable, while the demand from students for the new academic year indicates both an excellent performance and growth in interest by investors in this asset class going forward,

comments Maximilian Mendel, Head of Living Investment at JLL.