The ROBYG Group completed the issue of bonds worth PLN 150 million. The bonds are due for redemption on June 17, 2026, and amortization (early repayment) is 15 percent after four years and 25 percent after 4.5 years. The date of the first listing of the bonds on the WSE ATS will be no later than June 30, 2021. The company offered bonds under the bearer bond issue program up to the amount of PLN 500 million.

ROBYG plans to sign 3,500 development contracts and hand over 3,000 apartments in 2021. The company offers 2,500 apartments and is constantly introducing new investments and subsequent stages of housing estates. In 2021, ROBYG has already launched 14 new projects and intends to start selling in Poznań. Only 3 percent of the offer consists of ready-made units, which confirms the high popularity of apartments built by ROBYG.

“We would like to thank the investors for such great interest and trust in our company. For years, we have been working intensively to show our reliability and punctuality. We are currently planning a jump in business growth – we have an extensive land bank, but we plan to expand it further. From the beginning of our activity, we have already built over 25,000 premises. In 2021, we have ambitious goals in terms of both sales and transfers – we are launching new stages and introducing completely new investments,” Artur Ceglarz, Vice President of the Management Board of ROBYG, emphasized.

In the first quarter of 2021, the ROBYG Group invested over PLN 340 million in a land bank in Warsaw and Gdynia. In total, this gives a construction potential of approximately 170,000 sqm of usable area. These purchases were supplemented with land purchased in 2020 for over PLN 375 million in Warsaw, Gdańsk, Gdynia, and Wrocław (over 330,000 sqm of usable space). The total land resources provide ROBYG Group with a sales potential of approximately 22,000 units. The company plans to spend a total of over PLN 600 million on the purchase of land.

(WBJ)