StudentSpace secures €41m loan from Bank Pekao

Student housing company StudentSpace has secured a loan of PLN 177.8 mln (€41.6 mln) from Bank Pekao to fund the construction of three new dormitories in Kraków, Poland. 

Studentspace

These developments are intended to meet the rising demand for student housing in the city, which is home to an increasing number of students from Poland and other countries.
The new dormitories, one on 29 Listopada Alley and two on Wita Stwosza Street, will provide approximately 1,200 beds and will be available for students in the upcoming academic year. These facilities are designed to offer modern living spaces, common areas, and easy access to Kraków's universities.
Launched in March 2024 as a partnership between Signal Capital Partners, Griffin Capital Partners, and Echo Investment, StudentSpace has plans to develop a total of six projects with 2,800 beds: three in Kraków and three in Warsaw. 
Marek Obuchowicz, senior partner at Griffin Capital Partners, said: “A year ago, together with our partners, we launched StudentSpace with the ambitious goal of delivering 5,000 beds within the next 3 to 5 years. Over the past few months, we have made significant progress, with three projects already underway in Kraków and three more in the pipeline in Warsaw. Our secured and approved project portfolio now exceeds 2,800 beds. We are grateful to Pekao for their continued trust and support, and for sharing our belief in the long-term potential of the student housing sector in Poland.”