Robyg signed over 600 development and preliminary agreements in Q1 2022

Robyg signed 638 reservation agreements and over 600 development and preliminary agreements in Warsaw, Tricity, Poznań and Wrocław in Q1 2022, the company said. Approximately 280 units have been recognized in revenues.

In March 2022, TAG Immobilien AG finalized the purchase of 100% of shares in Robyg - a leading investor on the real estate market and one of the largest companies offering apartments for rent in Germany, with over 85,000 premises for rent in its portfolio.

“In the first quarter of 2022, we had many events in Europe and Poland - the market was significantly influenced by the war in Ukraine, the influx of refugees and new tax regulations. The sale of 100% of Robyg shares by Bricks to TAG Immobilien AG - one of the leading companies in the rental housing market in Germany, which was finalized on March 31, 2022 - prompted us to analyze our land bank and allocate part of it to rental apartments (PRS ). TAG already bought Vantage in Poland two years ago, and in 2022 we plan to combine the activities of both companies - thanks to which the consolidated group will become the largest residential developer on the Polish market and will set a new standard for PRS.[...] "he said. vice president Robyg Eyal Keltsh, quoted in the press release.

Robyg is a developer implementing investments in Warsaw, Gdańsk and Wrocław. It was listed on the main market of the Warsaw Stock Exchange from 2010 to 2018. In 2021, Robyg signed 4,308 development and preliminary. 

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