VBL Plc has announced a major long-term lease agreement with Ruby Hotels Ltd, a prominent international property operator, for the lease of the Silver Horse Building. This building forms a significant part of the VBL Group’s ongoing development cycle and represents a key milestone in the company’s growth strategy.

Ruby Hotels Ltd is part of the Ruby Group, which recently joined forces with global hospitality leader InterContinental Hotels Group (IHG). This partnership gives Ruby access to IHG’s extensive distribution network worldwide and is expected to bring considerable benefits to the future operations of the Silver Horse Building.

The completion of the lease agreement remains subject to several conditions, primarily the completion of the property to the company’s specifications. Once these contractual requirements are met, the lease is set to have a major impact on the VBL Group’s business outlook.

Starting from the 2026 financial year, the lease is anticipated to generate substantial additional revenue for VBL. Notably, the majority of this revenue will directly contribute to the company’s EBITDA, potentially increasing operational EBITDA levels by three to four times.

This agreement not only strengthens VBL Group’s position in the market but also signals a promising future for the Silver Horse Building as a key development within the company’s portfolio.