Robyg Group invested over PLN 340 million in a land bank in Q1 2021.

by   CIJ News iDesk III
2021-05-25   09:00
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The Robyg Group invested over PLN 340 million in a land bank in Warsaw and Gdynia in Q1 2021. In total, this gives a construction potential of approximately 170,000 sqm of usable space, the company said.

These purchases were supplemented by land purchased in 2020 for over PLN 375 million in Warsaw, Gdańsk, Gdynia and Wrocław (over 330,000 sqm of usable space). The total land resources provide the Robyg Group with sales potential of approximately 22,000 units,.

"We are looking for land very intensively - we have significant funds secured and we are expanding our financing program. Thanks to this, we are able to make decisions quickly, invest in large projects, and provide the seller with an efficient payment for the transaction. These are important advantages that make Robyg an attractive partner for real estate market," said vice-president Artur Ceglarz.

Source: ISBnews and Robyg Group