Robyg to allocate more shares, enter new markets

Warsaw Stock Exchange-listed residential developer Robyg is planning a private issuance of shares valued at up to 10 percent of the company’s capital. The funds raised through the issuance, which is expected to take place by the end of this year, are to be earmarked for new investments in Kraków or Wrocław. The planned share allocation is subject to Robyg securing attractive assets in either of the cities. Robyg, which is currently present in Warsaw and Gdańsk, hopes to sell approximately 3,300 apartments this year, provided that the current market trends continue. According to Oscar Kazanelson, president of the supervisory board at Robyg, the planned geographical diversification of the company’s development activity will allow the developer to significantly increase annual apartment sales levels.

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