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Vantage secures 90 million euros to refinance part of rental portfolio

COMPANIESVantage secures 90 million euros to refinance part of rental portfolio

Vantage Group, part of TAG Immobilien and an active player in the institutional rental market in Poland (PRS), has raised 90 million euros to refinance part of their rental properties portfolio for a period of 5 years. The financing institutions are European entities that have been active in the financial sector for many years. VICTORIAPARTNERS served as financial advisor to the Vantage Group.

Vantage has over 2500 apartments for rent across Poland. As part of the Vantage Rent brand, the company offers long-term rentals and develops the PRS market. It owns properties in Wroclaw, Poznan, and Lodz, in total across 12 investments. In addition, it is constructing a further 1200 rental properties in the cities where the Group operates, as well as in new markets – such as in the Tri-City area. TAG Group – together with Vantage – offers over 87,000 rental apartments in Europe.

“We obtained financing from large financial partners – which shows the credibility and potential of TAG and Vantage Groups. We are a significant player in the Polish institutional rental market. Currently, we have over 2500 rental properties on offer and almost 1200 units under construction. The company’s land bank enables the construction of about 5700 apartments. We operate in Warsaw, Wroclaw, Tri-City area, Poznan and Lodz. In Wroclaw, we already have 7 rental investments. Our PRS offer is consistently growing and we plan to expand to more cities in Poland. TAG Group has great experience in the European PRS market, we have well-prepared procedures that facilitate rental. Therefore, we are a good partner in renting apartments for foreigners who often struggle to sign a lease agreement in the private market. We help our clients complete the formalities and collect the necessary documents. The priority of the TAG Group in Poland is also the ESG strategy. We undertake actions to increase the energy efficiency of the buildings being implemented. We focus on modern technology and digitization – we are implementing solutions that allow for process automation. This allows for quick customer service and contact with contractors” – indicated Oscar Kazanelson, chairman of the supervisory board of ROBYG and Vantage.

“It is very important that the Vantage Group has raised such significant funds to refinance part of the rental property portfolio. This will support us in the process of strengthening our position in the institutional rental segment, through diversifying and increasing our rental offer in cities where we already operate, and also by initiating operations in new locations. Establishing cooperation with European institutions confirms the stability of the Vantage Group, and trust in us as a partner not only in the real estate market, but also in the financial market – both in Poland and among international institutions” – said Marta Hejak, deputy CEO and CFO of ROBYG and Vantage.

In 2022, ROBYG and VANTAGE began building synergies within the TAG Immobilien Group, and ROBYG took over supervisory and managerial competencies in Vantage. Eyal Keltsh was appointed as CEO of both companies. Oscar Kazanelson, who has been the chairman of the ROBYG Supervisory Board for over 20 years, also took on the role of chairman of the Vantage Supervisory Board. Despite the shared management and supervision, each company continues its previous operations. ROBYG builds and sells apartments and also manages general contracting and investment sales for Vantage. Vantage Rent operates in the PRS market – i.e., rental apartments. Each company is independently financed.

In 2023, the TAG Group sold a total of 3600 residential and commercial properties. The TAG Group completed and handed over 4300 properties, of which 3800 properties were handed over to customers and 500 properties were put up for rent. The Vantage rental apartments portfolio stood at 2400 properties at the end of 2023 and about 2500 presently.

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