Robyg may spend another PLN 70-100 million on land

Property developer Robyg may spend PLN 70-100 million on land purchases in Warsaw before the end of this year, the company’s supervisory board chairman Oscar Kazanelson told the Polish Press Agency in an interview. Earlier this year, the company spent almost PLN 80 million on Warsaw plots. Next year, it could make similar purchases in Gdański, Kazanelson said. Robyg had earlier said it would spend a total of PLN 150 million on land in Warsaw in 2014-1016. “We may spend the amount before the end of this year, if we find the right plots to buy. We do not rule out that the sum may be ultimately higher,” Kazanelson said. The company is focusing on the Wilanów, Wola and Bemowo districs, as well as on the right bank of the Vistula, he added.