KPE secures €183m for PBSA platform in Poland

Kajima Properties Europe (KPE) has secured a new PLN 770 mln (€183 mln) five-year loan for its student housing platform, Student Depot. 

Student Depot - Sesja Wizerunkowa Padziernik

This loan, provided by PKO Bank Polski and ING Bank Śląski, will be used to refinance 10 existing properties and fund new student accommodation developments, including 1000 new beds in Warsaw and Gdansk, starting in 2026.
The refinancing further strengthens the platform’s position as Poland’s largest provider of modern purpose-built student accommodation (PBSA).
Jan Trybulski, head of Poland at KPE, said: “This refinancing marks an important milestone for Student Depot and KPE. The support of PKO Bank Polski and ING Bank Śląski reflects the strength of Student Depot’s assets and operations, as well as confidence in the Polish student housing market and the disciplined execution of KPE’s long-term strategy. It further reinforces Student Depot’s position as the leading PBSA owner-operator in Poland and supports the continued growth of its portfolio.”
Demand in the PBSA sector in Poland continues to outstrip supply, with over 1.2 million students, but only 1.5% secure places in modern private dormitories.
White & Case represented KPE, and DLA Piper represented the banking consortium on the transaction.