Value One celebrates cornerstone laying ceremony of new MILESTONE Student Living in Poland
The Austrian real estate developer Value One is continuing its international expansion together with its strategic partner Nuveen Real Estate. On 20th of July, it celebrates the cornerstone laying ceremony of its 2nd MILESTONE Student Living in Wrocław. From Fall 2023 the accommodation in ul. Fabryczna will be home to 510 students. This project underlines the goal of Value One to be one of the leading providers of student living in Europe.
Vienna/Wroclaw/Breslau, 21st of July 2022 – MILESTONE Wrocław Fabryczna completes the portfolio of two new projects in Wroclaw, Poland. The strategic partners Value One and Nuveen Real Estate team up to expand their offer in high quality student living. The first object, MILESTONE Wrocław Ołbin near the Politechnika Wrocławska was acquired in 2021 with 153 beds and is operated by MILESTONE Student Living since then. In Fall 2022, MILESTONE Wrocław Ołbin will be expanded by a total of 133 beds to a total capacity of 286 beds and a variety of community areas with a total of 4,390 square meters. The new project, MILESTONE Wrocław Fabryczna will be a new development near the old town of Wroclaw, with 510 beds and will be finished in 2023.
Sebastian Gruber, Managing Director of Value One Development International, stated: “I am very happy that we can take this moment today to celebrate the great progress on both projects, all the more so because we were not able to celebrate the cornerstone laying ceremony and topping out of our Ołbin Project due to COVID measures. I wish all our partners and staff success in completing this project!” “Poland is one of the fast-developing markets with a high demand on student living. We will continue our strong expansion here with two outstanding projects in Wrocław,” states, Dr. Andreas Köttl, CEO of Value One.
Strong partners for new MILESTONE facilities
For both new projects Value One is teaming up with the experienced team from AKRON Poland. DORACO acts as general contractor for the new MILESTONE buildings in Wrocław. “Our portfolio comprises several hundred completed projects in whole Poland, in all areas of construction industry. We inaugurated the activity in Wrocław by implementing the project at 9 Prusa Street. Subsequent project is a unique student house at 22 Fabryczna Street. We hope that through our building investments we will be able to support development of the Lower Silesia region. We will implement subsequent projects here with pleasure.” says Angelika Cieślowska, President of the Management Board of DORACO. The expansion in Wrocław is a first step for the partners, who target to grow further on the Polish market in upcoming years. “MILESTONE is rapidly growing, and we will continue our strategy on emerging markets all over Europe. Poland will maintain to be one of our focus areas for new projects.”, Dr. Köttl continues. “Our goal is to be one of the leading providers of serviced living in Europe and together with Nuveen Real Estate we have a great partner to implement our vision.”
About MILESTONE, a Value One Brand
Vienna-based Value One develops and runs exceptional real estate and urban development projects that put smiles on people’s faces. Over 200 employees work to realise our visions in the company’s three business areas of development, operations, and investments. Over the past 20 years, Value One has realised outstanding properties worth around € 2 billion - and by 2024, over 15,000 individuals will live and work on properties that we’ve developed. The Viennese urban development zone Viertel Zwei and our MILESTONE-branded student apartments all over Europe are just two examples of the new standards we’re setting.
MILESTONE Student Living follows an ALL-IN concept and combines fully furnished apartments with the highest design and quality standards, a variety of community areas as well as an international community. Through the MILESTONE Passport, residents are able to spend up to 2 weeks per year for free in another MILESTONE house. Since the opening of the first house, MILESTONE Vienna Prater in 2013, another 10 student residences have been opened in Austria, Poland, Portugal, Germany and the Netherlands. With more than 2,600 apartments in operation, MILESTONE is a pan-European student housing operator and on course for expansion in Europe.
About Nuveen Real Estate
Nuveen Real Estate is one of the largest investment managers in the world with $156 billion of assets under management. Managing a suite of funds and mandates, across both public and private invest-ments, and spanning both debt and equity across diverse geographies and investment styles, we provide access to every aspect of real estate investing. With over 85 years of real estate investing experience and more than 745 employees* located across 30+ cities throughout the United States, Europe and Asia Pacific, the platform offers unparalleled geographic reach, which is married with deep sector expertise. For further information, please visit us at nuveen.com/realestate *Includes 355+ real estate investment professionals, supported by a further 385+ Nuveen employees. Source: Nuveen, 31 Mar 2022. www.nuveen.com/realestate
Korporacja Budowlana DORACO Sp. z o.o., belonging to the familial capital group Hass Holding, has been intensively working on strengthening the position of one of the leaders on the Polish general contracting market for 30 years. The company has completed several hundred investment projects, including large and complex ones, the value of which exceeded several hundred million EUR. The financial and logistic potential as well as extensive experience allow DORACO to provide the full range of construction services. The most recognisable projects are: 2 airport terminals - Airport in Gdańsk, Amber Expo conference and fair centre in Gdańsk, construction of a large-size steel construction production plant (production of foundations for offshore wind farms) in Szczecin, the breakwater for the LNG Gas Port in Świnoujście, as well as numerous other investment works in Ports of Gdansk, Gdynia, Mrzeżyno and Szczecin along with CEDET and Centrum Marszałkowska buildings in Warsaw. Our pending projects include, for example: construction of the Children and Youth Training Centre along with reconstruction of the City Stadium in Szczecin, construction of residential, hotel, and ser-vice buildings for Granaria project in Gdańsk, Improvement of access to the Port in Szczecin in the Kaszuby Basin region, and also infrastructural works for the American anti-ballistic missile base in Redzikowo. DORACO staff is a well-integrated team reliable and experienced employees. Simultane-ously, the company is investing in young engineers who thanks to being employed at DORACO can gain professional experience while working on construction projects all around Poland. www.doraco.pl
AKRON Group is a real estate investment firm specialized in the acquisition, development and man-agement of commercial real estate in Austria, Poland and Germany. AKRON has a highly dedicated team of development and project managers with broad experience in the Austrian and Polish market. This enables AKRON to manage and control every aspect of complex development projects. AK-RON‘s experience of almost three decades and the close networking with experts from business, trade and the public sector form a solid foundation for investment opportunities of exceptional value. The highly professional development management by AKRON is characterized by forward-thinking strategies and delivering projects by meeting deadlines while keeping track of costs. www.akron-group.com
T: +43 1 217 12-0