KAJIMA COMPLETES ITS LARGEST STUDENT DEPOT PROJECT IN POLAND

Kajima Student Housing have completed the development of a 795 bed Student Depot dormitory Kraków, its largest residential scheme in Poland since entering the Polish market in 2019. The construction of the 11-storey, 25,000 sqm building took 17 months, making it one of the fastest large-scale residential developments with fit-out, completed in Poland.

The building has been fully let upon completion, demonstrating the depth of demand for quality private dormitories in Poland, with around half of tenants coming from the domestic market and half from abroad, particularly Spain.

The project on Al. Pokoju, 1.5km from the historic centre of Kraków, provides class-leading studio and shared rooms plus collegiate and quiet co-working spaces, common kitchens, a gym, entertainment space, a games area and a movie zone. The building also benefits from a 120 sq m west-facing terrace overlooking the historic centre of the city.

Each room is equipped with smart energy saving software with electricity in the building sourced from a 100% renewables energy provider.

Kajima is an active and long-standing investor in the Polish living space. In 2019, in partnership with Griffin Capital Partners, Kajima Student Housing acquired Student Depot, Poland’s largest provider of student accommodation. Since then, Kajima has rapidly expanded the Student Depot platform into the largest purpose-built student accommodation provider in Poland. Currently, the platform operates 3,200 student beds across the key university cities of Warsaw, Kraków, Poznań, Lublin, Wrocław, Łódź and Gdańsk, and has another 2,000 under construction or secured.

Stephen Young, Senior Investment Manager at Kajima Student Housing, said: “We are proud to have completed our largest residential scheme in Poland in the premier city of Krakow. The demand for this high-quality offering has been excellent and this underpins our view that the occupational fundamentals for PBSA in Poland are strong.”