There is substantial unexploited potential in the CEE student housing markets and Zeitraum Student Housing plans to target some of this demand to expand its portfolio.
The Prague-based student housing operator will open two more student residences in the city, adding to the 460 beds it already has up and running. It is also diversifying into serviced apartments, to target a different type of of client.
The firm’s strategy is to increase its portfolio in Czech Republic, but also in Poland.
“The opportunities are very big,” said Zeitraum’s co-owner Zdina Noack. However, she added that it is not just the case in the CEE. “Ten years ago not everyone was studying. Today when you see our kids, all of them want to go university, they want to go abroad to study,” she told Real Asset Insight’s Richard Betts.
All of Zeitraum’s Prague properties have so far been refurbishments but in Poland it is seeking both existing buildings and new build and is aiming for larger investments, “but always in a very good location”.
The company plans to open two facilities in Warsaw next year with a total of about 600 beds but has a pipeline of 600-700 beds in Krakow and it also has the Tri-City area – Gdansk, Gdynia and Sopot – in its sights.
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