Robyg finalizes leaseback of Wilanów office scheme for €19.7 mln

Residential developer Robyg has finalized the leaseback agreement with Millennium Leasing for the Robyg Business Center office building located in Wilanów, Warsaw. The deal value was €19.7 million. The deal was signed in December 2014. The developer may buy the scheme back from Millennium Leasing after five years. “The decision to refinance the office scheme was made in order to maximize the return on the investment. The transaction has enabled the company to free funds invested in the property in order to further develop its business,” said Oskar Kazanelson, Robyg’s president of the Supervisory Board. The company wants to sell 2,100-2,300 apartments a year over the next few years.