We are pleased to announce that Rymarz Zdort Maruta advised Vantage, a company that develops and manages a PRS platform, belonging together with ROBYG to the TAG Immobilien group, in connection with securing EUR 100 million in financing from the European Bank for Reconstruction and Development (the “EBRD”) for the construction and operation of a portfolio of rental flats.
The transaction will add approximately 3,000 new affordable housing units to the Vantage portfolio.
The Private Rented Sector (PRS) is a sector of the residential real estate market in which specialised, professional agents rent out residential properties. The PRS is experiencing dynamic growth in Poland and investments in this sector are increasing year on year.
Vantage is one of the leaders of the institutional rental market (PRS) in Poland. It has premises in Wrocław, Poznań and Łódź – 14 investments in total. It has around 3,000 rental units on offer and over a thousand units under construction.
The European Bank for Reconstruction and Development is an international financial institution, headquartered in London, which was established during the European Council in Strasbourg in 1989 and that began operations in 1991. The main purpose of establishing the EBRD was to support the process of economic transformation in the countries of Central and Eastern Europe.
The transaction was led by Adrian Więslaw (senior associate) and supported by Maksymilian Kaszubowski (associate). The team was supervised by Dr Jakub Rachwol (a partner and co-head of the banking and finance practice).