Mosaic Poland Holding, part of Mosaic World, has entered into a joint venture with Develia to develop a new purpose‑built student accommodation (PBSA) project in Wrocław. The development will be located at Plac Orląt Lwowskich, in the city centre, and will comprise more than 620 rooms, complemented by retail units and supporting infrastructure. Mosaic World will hold a 75% interest in the joint venture, while Develia will retain 25%.
Together, Mosaic World and Develia will deliver a contemporary student residence designed to support both study and community life. The project will offer over 620 rooms, retail space and shared amenities, including coworking areas, cinema rooms and a communal terrace. The maximum gross leasable area will be approximately 11,800 square metres. The development will be realised on land currently owned by Develia.
“With this transaction, we take another step in the expansion of Mosaic World’s activities in Poland,” says Adam Kultys, representing Mosaic World in Poland. “Partnering with Develia on a centrally located project in Wrocław fits well with our long‑term strategy. Through this cooperation, we bring our experience in micro‑living to the Polish market and aim to contribute to a high‑quality and sustainable PBSA offering. Our focus is on creating a safe, well‑designed living environment that supports interaction, wellbeing and everyday life for an international student community.”
Karol Dzięcioł, Member of the Management Board of Develia, adds: “By working together with Mosaic World, we are developing a modern student residence in a strategic location in Wrocław. The project will provide convenient access to universities and urban amenities. Our goal is to deliver a functional and comfortable place that responds to the needs of students and young professionals at this stage of their lives.”
Under the cooperation model, Mosaic World will be responsible for servicing the joint venture, including operational management and commercialisation through its subsidiary, Plaza Resident Services. Develia will manage the investment process during the construction phase.
The land designated for the development is currently owned by Develia and is planned to be transferred to the joint venture following Mosaic’s acquisition of its 75% stake, at an agreed price of PLN 41.5 million. The investment will be financed through equity contributions and/or shareholder loans.
Construction is expected to commence in 2026, with completion scheduled for the start of the 2028 academic year.