News Article investment Poland PRS residential ROBYG
by Property Forum | Investment

The Robyg Group wants to increase the share of apartments for rent in its offer. In line with the strategy, by 2024, it plans to allocate about 4,500 apartments for rent. It also plans to expand its operations to other cities in Poland, the chairman of the supervisory board Oscar Kazanelson announced.

"It is worth noting that in December 2021, Bricks Acquisitions Limited, a company controlled by The Goldman Sachs Group, Inc, signed a preliminary, conditional agreement to sell 100% of Robyg shares to TAG Immobilien AG from. The transaction required the approval of the antimonopoly office, which was granted - The transaction is to be finalized by March 31, 2022. As a result, the share of flats for rent in the offer will increase, and we also plan to expand our operations to other cities in Poland. land bank and we will increase the intensity of its use, but we will continue to invest in land in attractive locations. In addition, we will continue to cooperate with banks to facilitate and accelerate lending processes for customers," Kazanelson wrote in the letter attached to the Robyg Group results for 2021.

In 2021, the Robyg Group signed 4,308 development and preliminary agreements in Warsaw, Gdańsk, Poznań and Wrocław - which means an increase by 57% y/y. The company concluded 4,276 net reservation agreements (compared to 2,176 a year earlier) and recognized approximately 2,940 premises in revenues (compared to 2,715 a year earlier).

Robyg is a developer implementing investments in Warsaw, Gdańsk, Poznań and Wrocław. It was listed on the main market of the Warsaw Stock Exchange from 2010 to 2018.