Locked content Robyg to be delisted

The shareholder of the WSE-listed real estate developer Robyg approved the decision to delist the company from the Warsaw Stock Exchange. The company will now file a proper application with the Financial Supervision Authority KNF to dematerialize Robyg’s shares and remove them from trading on the WS...

Locked content Bricks announces squeeze out of Robyg shares

Bricks Acquisitions, a Goldman Sachs subsidiary and new owner of WSE-listed real estate developer Robyg, launched squeeze out on some 5.44 million company’s shares representing 1.84 percent at PLN 4 apiece. The new owners tendered over 98 percent stake at PLN 4 per share, the company said back in Fe...

Robyg buys more land in Warsaw’s Ursus

Warsaw Stock Exchange-listed developer Robyg has signed an agreement for the purchase of four companies that hold a total of more than 6.3 hectares of land located in the Ursus district of the Polish capital. The developer plans to build a major residential project comprising approximately 1,800 uni...

Robyg with building permit for Forum Wola apartments in Warsaw

Warsaw Stock Exchange-listed developer Robyg has secured a building permit for the first phase of its Forum Wola residential project in the Polish capital. Construction work on this phase of the scheme, which will comprise a total of 141 apartments in two buildings, is scheduled to launch in the com...

Locked content Robyg mulls PLN 200 mln public bond issue

WSE-listed developer Robyg is considering a public issue of unsecured PA series bonds worth up to PLN 200 million, the company said in a market filing. This amount may be increased by the decision of the board. The issue would take place as part of a program to offer bonds worth up to PLN 400…...

Locked content Goldman Sachs secures 98% stake in Robyg

Goldman Sachs subsidiary Bricks Acquisition Limited tendered over 98 percent stake in the WSE-listed real estate developer Robyg at PLN 4 per share, the company said. “We are very happy that in the call we have exceeded the 90 percent threshold of shares and votes at the general meeting. This will a...

Robyg expanding Stacja Nowy Ursus project in Warsaw

Warsaw Stock Exchange-listed developer Robyg has launched apartment sales in the fifth phase of its Stacja Nowy Ursus residential project located in the Ursus district of the Polish capital. On offer are 259 housing units that are scheduled to be completed in the third quarter of next year. The enti...

Locked content Godlman Sachs raises price in the Robyg tender

Goldman Sachs through its subsidiary Bricks Acquisition Limited raised the price in a tender offer for 100 percent stake in the WSE-listed real estate developer Robyg to PLN 4 apiece from initial PLN 3.55 offer. Overall, Bricks wants to acquire some 289 million shares. The previous offer was blocked...

Locked content Shareholders block Robyg takeover

A group of open pension and investment funds has declared that it will not sell its shares in Robyg to a Goldman Sachs subsidy Bricks Acquisition. The shareholders, who combined control a 51.6 percent stake in Robyg decided that the PLN 3.55 per share offer “does not reflect the fair value of the co...

Robyg: 2017 unit sales at around 3,470

Warsaw Stock Exchange-listed Robyg sold approximately 3,470 units last year, which marks a 17-percent increase y/y and is the best annual sales result in the residential developer’s history, according to preliminary data released by the company. In 2016, Robyg offloaded 2,957 units. The 2017 sales r...