9:04 23 October 2022
ROBYG and VANTAGE build synergies within the group
ROBYG and VANTAGE are building synergies within the TAG Immobilien Group and combining management competencies. Eyal Keltsh – vice chairman of ROBYG for 15 years – has been appointed as chairman of the board (CEO) of both companies. Oscar Kazanelson, Chairman of the Supervisory Board of ROBYG for over 20 years, will additionally take over as Chairman of the Supervisory Board of Vantage.
The new joint management will manage the day-to-day operations of both companies, as well as develop residential investments using the land bank of both groups. Each company will continue its existing activities. ROBYG Group will build and sell flats, as well as carry out general contracting of ROBYG and Vantage developments. Vantage Development under the Vantage Rent brand will operate exclusively in the PRS segment – i.e. flats for rent. Each company will be financed independently.
(WBJ)
