Vantage Group has raised €90m to refinance part of its rental housing portfolio

The Vantage Group, part of TAG Immobilien, has raised €90 million to refinance part of its portfolio of rental flats over a five-year period, the company said. The financing institutions are European players that have been active in the financial sector for many years.

Vantage has more than 2,500 flats in lease throughout Poland. Under the Vantage Rent brand, the company offers long-term rentals and is developing the PRS market. It has units in Wrocław, Poznań and Łódź, in a total of 12 developments. In addition, it has a further 1,200 rental units under construction in the cities in which the Group operates, but also in new markets, including the Tri-City. The TAG Group, together with Vantage, offers a total of more than 87,000 flats for rent in Europe, it was reported.

"We have obtained financing from large financial partners, which shows an assessment of the credibility and potential of TAG Group and Vantage. We are a significant player in the Polish institutional rental market. We currently have over 2,500 rental units on offer and almost 1,200 units under construction. The company's land bank allows us to build around 5,700 units. We operate in Warsaw, Wrocław, the Tricity, Poznań and Łódź. In Wrocław, we already have 7 investments for rent. Our PRS offer is growing steadily and we plan to expand it to other cities in Poland. The TAG Group has extensive experience in the PRS market in Europe and we have perfectly prepared procedures to facilitate the leasing of premises," said Robyg and Vantage supervisory board chairman Oscar Kazanelson.

"This will support us in the process of strengthening our position in the institutional rental segment by diversifying and expanding our offer of flats for rent both in the cities where we already operate and by initiating operations in new locations. Establishing cooperation with European institutions confirms the stability of the Vantage Group and the trust in us as a partner not only on the real estate market, but also on the financial market - both in Poland and among international institutions," added vice-president and CFO of Robyg and Vantage Marta Hejak.

In 2023, TAG Group sold a total of 3,600 residential and commercial units. TAG Group completed and handed over 4,300 units, of which 3,800 units were handed over to customers and 500 units were introduced for lease. Vantage's rental housing portfolio is 2,400 units at the end of 2023 and approximately 2,500 units currently.

As part of the TAG Immobilien ownership group, the Robyg Group builds and sells flats, as well as carrying out general contracting for Robyg and Vantage Development. Vantage Development under the Vantage Rent brand operates exclusively in the PRS segment - i.e. flats for rent. Each of the companies is financed independently.

Source: Vantage Group and ISBnews
Photo: Legnicka Residence, Vantage Group