As part of the transaction with a record amount, Vantage Development (company belonging to the Immobilien Group from Hamburg) 5322 ready -made premises for rent – in Wrocław, Warsaw, Gdańsk, Poznań, Łódź and Krakow.
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The transaction requires the approval of: the President of the Office of Competition and Consumer Protection for concentration and banks financing the project. It is expected that the conclusion of the promised sale of shares will take place by December 15, 2025.
Pursuant to the contract, the purchase price was set at PLN 2 billion PLN 405 million and will be corrected, among others, by the transaction on the day of the transaction: the value of net working capital, the amount of internal and external debt (the buyer does not take over any financial obligations of the purchased entities to third parties) and the state of cash purchased entities.
A record on the PRS market was broken. The transaction is worth billions
Resy4rent Poland is part of the Echo Group. “According to the echo group's profitable growth strategy, we sell selected mature assets in the Living area, simultaneously focusing on the implementation of new projects and taking care of our stakeholders” – explained Rafał Mazurczak, COO in Echo Investment, in a message after the transaction.
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After Vantage Development transaction It will already have 8.7 thousand apartments in six large cities.
