Develia acquires Bouygues Immobilier Polska for EUR 65.9 million

Develia has completed the acquisition of 100 percent of the shares in Bouygues Immobilier Polska, the Polish branch of the French property developer Bouygues Immobilier, for EUR 65.9 million, equivalent to approximately PLN 279.4 million. The transaction expands Develia’s portfolio of residential projects and strengthens its land bank in Warsaw, Poznań, and Wrocław, further supporting the company’s growth strategy in Poland’s residential real estate market.

The acquisition follows Develia’s purchase of Nexity’s Polish subsidiaries over the past two years and contributes to the company’s goal of exceeding annual sales of 4,500 residential units by 2028. Andrzej Oślizło, CEO of Develia, stated that the acquisition of Bouygues Immobilier Polska is a significant step in implementing the firm’s strategic plans, particularly in Warsaw, which remains Poland’s largest and most stable residential market with considerable potential for future growth. Oślizło noted that the transaction coincides with the completion of the sale of Arkady Wrocławskie, enabling Develia to reinvest the proceeds into its residential development segment, which offers attractive returns.

Bouygues Immobilier Polska has been active in the Polish market since 2001, employing approximately 80 staff and completing over 9,500 residential units and commercial spaces across 70 projects. By the end of 2024, the company had around 1,300 units under development or in planning, with a further 2,800 units secured through preliminary agreements. The majority of these projects are located in Warsaw, accounting for about 71 percent of the total planned residential area, with Poznań representing 13 percent and Wrocław 16 percent. Current projects include Viva Cité, Lumea Estate, and Neo Praga in Warsaw, Vilda Arte in Poznań, and Vivre in Wrocław.

Karol Dzięcioł, a member of Develia’s management board, commented that the acquisition significantly increases the scale of Develia’s operations and diversifies its project portfolio in districts with strong investment potential, such as Bemowo, Ursus, and Włochy in Warsaw, as well as in Poznań and Wrocław. He added that Develia would focus on the integration of Bouygues Immobilier Polska in the coming months, leveraging experience gained during the successful integration of Nexity’s Polish operations in 2023.

The transaction was financed through Develia’s own funds, with an option for future refinancing via a bank loan. Approval for the acquisition was granted by Poland’s Office of Competition and Consumer Protection (UOKiK) prior to its completion.