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TAG Immobilien AG to acquire ROBYG S.A. to accelerate its path of growth to become the leading Polish residential - for - rent player DGAP - News : TAG Immobilien AG / Key word ( s ) : Mergers & Acquisitions 23.12.2021 / 00:04 The issuer is solely responsible for the content of this announcement . TAG Immobilien AG to acquire ROBYG S.A. to accelerate its path of growth to become the leading Polish residential - for - rent player - TAG has entered into a share purchase agreement to acquire a 100 % interest in ROBYG S.A. , the leading residential development firm in Poland , for an estimated purchase price of c . PLN 2,500m ( c . EUR 550m ) , net of certain adjustments - ROBYG's currently secured pipeline consists of c . 23,000 residential units across four Polish cities , enabling TAG to a meaningful market entry into Warsaw - Combined with its existing subsidiary Vantage Development S.A. , TAG will accelerate building up the largest residential - for - rent portfolio in the major Polish cities of Warsaw , Wroclaw , Poznan , TriCity , Krakow and Lodz consisting of more than 20,000 units to be completed in the years until 2028 - The acquisition is expected to close in Q1 2022. EUR 750m bridge financing secured which shall be taken out in 2022