ROBYG Group is starting a new investment in Warsaw's Wilanów – the company has finalized the purchase of land with an area of ​​11.9 hectares and a construction potential of over 104,000 sqm of usable space. The transaction amount was PLN 263.2 million. ROBYG will build a new, multi-stage housing estate here – in line with the philosophy of multi-functional spaces that meet all the needs of the residents. Shops, fitness centers, kindergartens, nurseries, shopping malls, restaurants – everything that ensures a comfortable life just a few steps from the house.

“This is the largest land purchase transaction on the residential developer market in recent years. The area is huge and allows for attractive development, with all the amenities important to residents. As we declared, we have accumulated large funds to develop the land bank and we have been gradually implementing this goal since 2020 – we have already purchased land for a total amount of over PLN 700 million. We are planning further investments for which we have secured funds. We have accumulated profit for two years, and our shareholders from the Goldman Sachs Group did not collect dividends – which allowed us to collect over PLN 400 million. In addition, we received additional financing from the shareholder of PLN 100 million and successfully finalized the issue of bonds worth PLN 150 million. This gives us a very comfortable situation and a great competitive advantage when it comes to investment decisions. We do not rule out the interest in acquisitions – it may be the purchase of entire entities with real estate, separate parts of enterprises, or extensive post-industrial areas – because we have extensive experience in revitalizing land and restoring large parts of the city districts. We want to strengthen our position in the cities in which we operate (Warsaw, Tricity, Wrocław, and Poznań) – we are also considering the possibility of entering a new city. However, it will depend on the possibility of acquiring the land and the scale of operations that we could conduct in the new agglomeration, ” Oscar Kazanelson, chairman of the supervisory board of ROBYG Group, said.

In the first half of 2021, the ROBYG Group concluded over 2,300 net reservation agreements and signed approximately 2,100 development and preliminary agreements in Warsaw, Gdańsk, and Wrocław. The company handed over about 1,100 premises. ROBYG plans to sign over 4,000 reservation agreements and hand over 3,000 apartments in 2021.

(WBJ)