ROBYG increasing its land bank in Warsaw, Wrocław and Gdańsk

In 2020, the ROBYG Group acquired new land in Warsaw, Wrocław and Gdańsk – jointly increasing its construction potential by over 170,000 sqm of usable space, including the acquisition of Wrocławskie Przedsiębiorstwo Budowlane. The new plots are located in attractive districts: in Warsaw, Praga, Wawer and Ursus, and in Gdańsk, among others, in the Stogi district. The company's sales potential for the following quarters is high – currently the offer includes over 1,700 units, and the land resources allow the construction of over 17,000 apartments. The ROBYG Group currently has over 6,500 apartments under construction – all works are progressing according to schedules.

After three quarters of 2020, ROBYG Group contracted 1,401 units net in Warsaw, Gdańsk and Wrocław, and signed 1,893 developer contracts. The company handed over 874 premises at the end of Q3 2020. So far, ROBYG has sold 22,000 premises to over 70,000 customers.

"We have an extensive land bank that will secure our operations for the next 3-4 years. Last year, we finalized significant land purchases for over 343,000 sqm of usable space – which totaled over 510,000 sqm. We have an established position in Warsaw and Gdańsk. In the residential investment market, we are also developing intensively in Wrocław and Poznań. We have provided our clients with attractive locations, but we are not stopping. We have secured funds for land purchases and further investments. Our goal is to maintain the current level of activity – which means the efficient launch of new estate projects. We are seeing that apartment prices are not falling – in some locations they are even rising. We expect prices to stabilize rather than fall," Eyal Keltsh, ROBYG Vice President, commented.

(WBJ)