Robyg real estate sells 390 flats in Q1 2025, hands over 180
Listed real estate developer Robyg, part of the German TAG Immobilien group, has signed about 390 preliminary and development agreements and about 200 reservation agreements in the first quarter of 2025, the company said in a press release. More than 180 flats have been completed and handed over to customers.
TAG group, which includes Robyg, signed a total of more than 470 preliminary and development agreements in the first quarter of 2025, plus an additional approximately 200 reservation agreements that remain to be finalised.
The group completed and recognized in revenue nearly 350 units in the period, about 250 units were handed over to customers, and 130 units were put on lease, while Robyg alone completed and handed over more than 180 units.
In total, the TAG group in Poland had about 7,300 residential and commercial units under construction. The group's portfolio of apartments for lease amounted to more than 3,350 units. Currently, Robyg has about 1,900 units on offer.
In the first quarter of 2025 alone, new phases of 1,100 flats were introduced in the investments, among others: Modern City and Modern Life in Warsaw, Poczatek Piatkowo in Poznan and Leszczynski and Szumilas in Gdansk. Moreover, Robyg has permission to build approximately 2,100 apartments.
In January, the company issued 250,000 PF series bonds with a total value of PLN 250 million (EUR 58.27 mln) under a bond issue programme up to a maximum of PLN 500 million (EUR 116.55 mln).
In 2025, TAG Immobilien group plans to sell 2,800 flats and increase its rental portfolio to more than 3,600 units. By 2028, it wants to reach 10,000 units on offer for rent in Poland.
"(...) We look forward to an improvement in Poland's ability to access housing finance - which primarily means a reduction in interest rates, which are quite high in view of the economic situation," said the head of Robyg and Vantage's supervisory board Oscar Kazanelson, quoted in the press release.
He added that the demand for flats is still at a relatively high level.
"In the first quarter of 2025, the real estate market in Poland showed signs of stabilisation. Housing prices did not fall, but their increases were small, close to the level of inflation. Forecasts point to further stabilisation in the following quarters, however, this depended on a number of factors such as credit policy, government programmes and the economic situation of the country," said the CEO of Robyg and Vantage Eyal Keltsh.
"Housing construction costs, which have been rising in recent years, are slowly stabilising, which has an impact on the prices of the flats on offer. The prices of construction materials and labour, despite initial increases, have started to stabilise in 2025, which influences the better offer of development projects," he added.
ao/ nl/