Linklaters has advised Nrep, the leading Northern European real estate investor, on the acquisition of the Lett Markowska residential estate located on Markowska Street in Warsaw, in Praga-Północ. The project will expand Nrep’s rental apartment portfolio developed under the Lett brand.
Lett Markowska offers 116 studios and two-bedroom apartments. Soon, an additional 63 units will be available, ultimately providing tenants with 179 apartments, including 83 two-bedroom and 96 studios, located in three buildings. All units are fully furnished and equipped. Additionally, residents have access to an underground garage, storage units, a playground, and a coworking space. For investments within the Lett platform, minimizing their environmental impact is crucial. Therefore, low-emission building materials were used during the construction phase, the building is equipped with solutions to reduce CO2 emissions during operation, and solar panels have been installed on the roof. The project, implemented by the developer Wawel Development, has received a BREEAM certificate at the VERY GOOD level.
The transaction team was led by Marta Strykowska (senior associate), supported by Joanna Roman (associate) and Aleksandra Mielniczuk (associate) from Warsaw real estate practice. Janusz Dzianachowski (national managing partner) oversaw the transaction.
