11:33 16 August 2024
Expanding the Land Bank as a Priority for ROBYG Group
In the first half of 2024, ROBYG, part of the TAG Immobilien Group, recorded sales revenue of PLN 705 million, while the sales gross profit margin exceeded PLN 158 million. TAG Group plans to sell 2,700 apartments and increase its portfolio of rental units by 1,000 new apartments. Additionally, the Group is expanding its land bank, which holds the potential for the construction of around 25,000 units across Poland, and is seeking investment opportunities in new land.
"We have a strong, stable position in Poland – we are one of the most recognized and credible investors. We are continuously expanding our operational area and looking for additional land in the metropolitan areas where we operate: Warsaw, Wrocław, Poznań, Łódź, and the Tri-City. This year, we invested over PLN 400 million in our land bank, expanding our construction potential to over 25,000 apartments, and we plan further land purchases. We aim to intensively develop our operations in Łódź – where we see significant potential in the residential real estate market. Additionally, we are analyzing opportunities in every major city in Poland," Eyal Keltsh, CEO of ROBYG and Vantage, said.
(WBJ)
