December 2020

Van der Vorm Vastgoed Groep Purchases residential investment La Praga from Nexity Polska

Rotterdam, Dec. 24, 2020 -

Van der Vorm Vastgoed Groep buys 130 apartments purchased, with a view to long-term leasing, to be added to the portfolio of the Van der Vorm Vastgoed Groep.

Located in the Praga Północ district with its unique old industrial atmosphere, the La Praga building is being built on Warsaw's right bank. The district is booming with new restaurants, clubs and café clubs, and cultural life is concentrated around numerous museums, theaters and galleries.

The main, nearby, point is Center Praskie Koneser, while the campuses of SWPS and WSM universities and Google for Startups are places that bring together students and (young) entrepreneurs.

Its proximity to the M2 metro line, numerous streetcar and bus lines and the Eastern Railway Station provide quick and comfortable transportation to every corner of Warsaw.

Van der Vorm Vastgoed has been present in the Polish market for 5 years, investing in properties intended for long-term rental. La Praga is the next major investment in Poland.

Margarethe van der Vorm (director of international investments) states that Poland is seen as a strategic and important market. As a long-term investor, she believes in the strength and potential of the local (real estate) market.

Van der Vorm Vastgoed Groep is looking for further opportunities in equivalent projects, with an emphasis on Warsaw and Krakow.

"The investment in La Praga caught our attention because of its practical location, the post-industrial character of the neighborhood and access to Warsaw's well-developed public transportation system. It is also located near our other investment, namely Szwedzka one of the development projects to be delivered this month. Nexity pays great attention to sustainable development - it is a factor we pay great attention to when expanding our portfolio - states René Voortmeijer, managing director Van der Vorm Poland."

The contract was concluded on December 4 this year in Warsaw. Nexity was supported in the transaction by Dentons, Van der Vorm by the law firm Konieczny Wierzbicki and Arcadis.