Kajima Europe’s Student Depot subsidiary has acquired the third development site in Warsaw, which, when operational, will become its 12th student-housing facility in Poland.
This newest acquisition, located on Ciolka street in Warsaw’s Wola district, will provide 628 rooms and what Kajima Europe describes as “market-leading amenities across eight floors, totaling 10,100 square meters of Net Lettable Area.” Student Depot plans to dedicate the ground floor to concierge and amenity spaces, including a co-working hub, games room, gym, lounge, entertainment space, and retail spaces.
Kajima acquired Student Depot in 2019 and took full control in 2023. Student Depot is currently home to nearly 4,200 students across Poland’s university cities, including Warsaw, Krakow, Poznan, Lublin, Wroclaw, Lodz, and Gdansk. According to Kajima, “there are a further 1,500 beds in the secured pipeline, including the ongoing expansion of Student Depot Poznań, which will double Student Depot’s presence in the city, and a second project in Gdańsk which is secured and pre-construction.”
Construction on Ciolka Street is expected to start in March 2025, and the facility will open in September 2026.
“The acquisition of another prime project in Warsaw aligns seamlessly with our portfolio expansion strategy for the Student Depot platform,” said Jan Trybulski, Head of Poland, Kajima Europe. “Kajima’s strong commitment to the Polish PBSA market, combined with its proven track record in managing student housing assets in Poland, will be instrumental in ensuring Student Depot’s continued exceptional performance. We are dedicated to maintaining our market-leading position, not only in terms of the number of beds but also through operational excellence and unique understanding of the local market.”
“Our third site in Warsaw marks another significant milestone for Student Depot as the largest and longest-standing developer and operator of PBSA in the Polish market,” added Student Depot CRO Michal Obara. “We look forward to working with Kajima Europe to continue our successful track record for occupancy and rental growth.”