The European Bank for Reconstruction and Development (EBRD) has approved a €100 million loan to Vantage Development's Polish subsidiaries, aiming to enhance the availability of energy-efficient rental housing in Poland. Vantage Development, a leading residential-for-rent developer, is ultimately owned by Germany's TAG Immobilien. EBRD This financing will facilitate the construction and operation of approximately 3,000 new rental apartments across Poland, addressing the country's significant housing deficit. The initiative also supports Vantage's strategic objective of establishing a portfolio comprising around 10,000 rental units nationwide. EBRD Poland faces a substantial housing shortfall, with an estimated need for 1.5 million units to accommodate the local population, foreign residents, and the influx of Ukrainian refugees. The EBRD's investment marks its fifth engagement in Poland's private rental sector over the past two years, underscoring the pressing demand for new housing solutions. EBRD The projects financed through this loan will adhere to stringent energy efficiency standards, surpassing Poland's "nearly Zero Energy Buildings" (nZEB) requirements by at least 10%. This commitment aligns with the EBRD's Green Economy Transition (GET) approach, promoting a more sustainable and energy-efficient housing infrastructure in Poland and contributing to the nation's decarbonization efforts. EBRD Since commencing operations in Poland in 1991, the EBRD has invested over €14.9 billion across 542 projects, solidifying its position as a leading institutional investor in the country. In the previous year alone, the Bank invested a record €1.3 billion in Poland. EBRD