Polish residential developer Robyg plans Warsaw IPO (updated)

TAG Immobilien AG

08/06/2026 08:55

Adds details on Robyg's growth strategy and dividend proposal from paragraph 8
GDANSK, June 8 (Reuters) - Robyg, one of Poland's largest residential developers, plans to launch an initial public offering on the Warsaw Stock Exchange, the company said on Monday.
It expects to make gross proceeds of about 400 million zlotys ($109 million) from an issue of new shares, which would be allocated to further development and the expansion of its land bank, a key pillar of its strategy, in particular.
Robyg's owner, TAG Beteiligungs- und Immobilienverwaltungs, is also expected to sell a portion of its existing shares as part of the planned offering.
TAG Beteiligungs- und Immobilienverwaltungs, a wholly owned subsidiary of German real estate firm TAG Immobilien TEGG.DE, would remain Robyg's majority shareholder following the IPO.
"The planned IPO aims to support further scaling of our operations, strengthen the Group’s position in the Polish residential market and continue to deliver high-quality apartments to customers in well-designed, functional and attractively located areas," Robyg CEO Eyal Keltsh said in the statement.
Robyg intends to allocate 10% of the shares offered in the IPO to retail investors, it said.
It did not disclose a timeline for the planned IPO, with details expected to be outlined when it publishes a prospectus for the offering.
Robyg operates across all price segments, but strategically focuses on mid-range options. Its portfolio is concentrated in the largest cities in Poland, namely Warsaw, Poznan, Wrocław, Łódź, Kraków and the Tricity area of Gdańsk, Sopot and Gdynia.
The company targets expansion via efficient land bank use and gradual pre-sales growth to about 2,800-3,000 units in 2026, 3,800-4,000 units per year in the near term, and 4,500-5,000 units per year in the medium term.
The management plans to recommend dividend payments of at least 70% of Robyg's consolidated net profit attributable to the shareholders of the parent.
First payouts are expected next year, with the management planning to distribute at least 300 million zlotys from 2026 earnings.
($1 = 3.6839 zlotys)

(Reporting by Adrianna Ebert, editing by Milla Nissi-Prussak)
((Adrianna.Ebert@thomsonreuters.com; +48 58 769 65 88;))