Studio Apartment in the City Centre, Lodz

An opportunity to invest in a studio apartment in the city of Lodz, Poland. This investment will include the fully-managed service by Propdo.


Studio apartment in the second phase of the "Osiedle Primo" residential project, carried out by PROFBUD in the downtown district (Srodmiescie). The project is located in the preservation area of the downtown Lodz, close to Piotrkowska Street, the University of the Lodz, the railway terminal and opposite the city's electric train.


The price for Propdo investors is 5% lower than the developer price.

Studio Apartment in the City Centre, Lodz

An opportunity to invest in a studio apartment in the city of Lodz, Poland. This investment will include the fully-managed service by Propdo.


Studio apartment in the second phase of the "Osiedle Primo" residential project, carried out by PROFBUD in the downtown district (Srodmiescie). The project is located in the preservation area of the downtown Lodz, close to Piotrkowska Street, the University of the Lodz, the railway terminal and opposite the city's electric train.


The price for Propdo investors is 5% lower than the developer price.

Apartment Price
271,431 złoty  257,859 Zloty

Apartment Size + Balcony
33.51 sqm + 2.67 sqm

Parking
Without

Floor
9

Finishing Costs  
60,318 Zloty

Delivery Date  
Fourth Quarter 2020

Legal Costs  
8,000 Zloty

Developer  
PROFBUD

Propdo Fees  
5% + VAT

Payment Plan  
Depending on construction

Total Investment
345,259 Zloty

Projected IRR
10-12% + Capital Gains

Apartment Price
271,431 złoty  257,859 Zloty

Apartment Size + Balcony
33.51 sqm + 2.67 sqm

Parking
Without

Floor
9

Finishing Costs  
60,318 Zloty

Delivery Date  
Fourth Quarter 2020

Legal Costs  
8,000 Zloty

Developer  
PROFBUD

Propdo Fees  
5% + VAT

Payment Plan  
Depending on construction

Total Investment
345,259 Zloty

Projected IRR
10-12% + Capital Gains

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Poland’s entrance into the European Union (EU) in 2004 has seen more positive trends in terms of the country’s development. Since 2004, the Polish economy has been consistently increasing, whilst displaying good growth rates. Today, just over 15 years following its entrance to the EU, it is defined as the strongest economy in Eastern Europe.


Following the fast growth of Polish economy, Forbes Magazine has recently stated that “Poland is one of the world economy’s great success stories right now”. Additionally, according to a report published in 2018 by Ernst & Young, Poland is breaking new ground as the most attractive destination among all Central and Eastern European countries (CEE) for real estate investments.

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Lodz is the third largest populated city in Poland, with 700,000 inhabitants. It's located centrally and is around 45 minutes from the capital city by car and in 2017, the city of Lodz underwent a severe urban development process, renovating almost every corner of the city centre.

Thanks to the geographical location of the city in central Poland, Lodz has in recent years become one of the most desirable development destinations, and is the most important transport centre in the country. The government established the Polish Central Railway Terminal in the city of Lodz, and is a critical axis both in connection with the main cities of the country and in connecting Poland with other European countries.

With national and European investment, Lodz is undergoing gentrification and redevelopment to become another leader in technological, scientific and service-based industries.


Lodz property prices are still cheap compared to prices in Warsaw, despite the fact that the geographical distance between them is not great. An advantage of investing in Lodz is the possibility of investing in the heart of the city at prices significantly lower than the City of Warsaw, while still enjoying high rental yields. The city benefits from excellent transport links, connecting both the residential and commercial districts.

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Downtown Lodz is the business and cultural hub of the city, and all the key amenities and points of interest are within the borough's jurisdiction. Among other things, the University of Lodge (including the renowned film faculty), the offices of all major companies operating in the city, cafes, pubs, theaters and restaurants are positioned here. In 2017, an accelerated program for the redevelopment of the city centre (Srodmyshce) began, in accordance with a unique plan that works to renovate and develop 1,000 acres that will combine the commercial and residential elements of the city.


In addition, the city centre is currently undergoing a conservation program led by the Lodz Municipality, in which the facades of houses and various streets are being maintained and renovated, and becoming pedestrianized. As part of the regeneration the city is undergoing, the Lodz Central Railway Station (Fabryczna Station) was established. Construction of the station was the largest investment of its kind in Poland and is now considered one of the most modern railway stations in Europe.

According to Cushman & Wakefield, one of the world's largest real estate corporations, the city has received a number of mentions and awards when it comes to friendliness toward real estate investors.

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Characteristics: Osiedle Primo is a two-stage project, of which the first phase is in the final stages of construction. Construction of the second phase started in 2019.

The project will provide a total of 420 apartments, comprised of studio to five-bedroom apartments and ranging from 31 to 105 sqm. Each apartment will have a balcony or terrace. The project will provide 334 parking spaces and there will be commercial space on the ground floor.

Stage 1 will see 212 apartments erected and the remaining 208 apartments will be constructed during stage 2.


Location: The project is located in the preservation area of downtown Lodz, close to the Piotrkowska pedestrian zone and a short distance from the University of Lodz, the train terminal and the business centre. The train station is positioned opposite the project.


The Developer: After 8 years in the real estate market in Poland, PROFBUD won the 2017 Entrepreneurial Degree. Today, the company is in the process of developing six residential projects in Warsaw and in Lodz and another commercial project in Warsaw.

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Capital Gain

Rental Yield

  • According to a report compiled by consulting firm Deloitte, Lodz stands out with a higher rental yield of 7.2% per year on average than other cities in Poland.

FAQs

All you need to do is click "continue" follow the steps, agree to the terms of our Management Agreement and click invest. We will manage everything from there. If you have any questions about the process or our management agreement, contact us here.

After you decided to invest through our platform, our representatives will contact you in order to guide you through the next stage of the process.

The next step may involve meeting with a notary at a location (in your home country) convenient for you, and to sign a Power of Attorney in his presence. This allows us to represent and facilitate the investment process for you.

Following from this, you’ll be requested to transfer the investment amount to the dedicated ancillary account, in accordance with the amortization schedule. In addition, you’ll be required to transfer the management and platform service fees.

One of the main benefits of using our platform to procure new property investments is the use of our management services.

Our management services includes the stewardship of the entire buying process, negotiations with the property developer, interior designers and contractors, procuring a suitable tenant and ongoing general management of the property. In addition, we'll help you set up a bank account, obtain a mortgage, if possible, and perform all the legal legwork.

In a nutshell -- with your investment you will receive:

  • Full management of the procurement process
  • Organisation of all legal and bureaucratic procedures
  • Regular construction updates
  • Flexible payment plans
  • Fully-managed after purchase; including tenant sourcing & general management
  • A central dashboard for all your investments

No. There is no need to transfer a credit card nor a bank account number on the website. All the payments within the framework of the purchase are carried out by personal bank transfers.

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