Alides and Revive, the two Belgian developers behind Gdansk Development Holding, have signed a preliminary agreement for the sale of 100% of shares in Stocznia Cesarska Development to Develia, one of Poland's residential developers.
The transaction concludes a development phase that began when Alides and Revive acquired the 16-hectare site in 2017.
The partnership shaped the development vision for the site, secured planning and permitting framework, realised the first buildings, and prepared the area for large-scale mixed-use development. The site now stands development-ready with building permits in place and construction conditions established for future phases.
Under the preliminary agreement, Develia will acquire 100% of the shares in Stocznia Cesarska Development, which holds the land of the former Imperial Shipyard along with project documentation and building permits. Once completed, the site will accommodate a mixed-use project of at least 3,000 residential units, with a minimum of 220,000 sqm of residential and commercial floor area. Construction may begin as early as 2027.
"The Imperial Shipyard is a site unlike any other in Poland. We are proud of what we have built here - not just in concrete and steel, but in vision, planning, and community engagement," said Rikkert Leeman, CEO of Alides. "This transaction reflects a deliberate portfolio decision: by transferring the project at this stage of maturity, we free up capital and focus to pursue the next chapter of our growth in Poland."
The conditions precedent to be satisfied by 20 December 2026 include obtaining approval from the minister responsible for maritime economy, as well as carving out the Dyrekcja and Remiza buildings from the transaction scope. "Signing the preliminary agreement marks an important first step toward delivering a project in an iconic part of the former shipyard area," said Andrzej Oślizło, CEO of Develia.
