Develia has finalised the acquisition of 100% of shares in Bouygues Immobilier Polska, the Polish branch of French developer Bouygues Immobilier, for €65.9 million (approx. PLN 279.4 million). The deal expands Develia’s residential project portfolio, particularly in Warsaw, Poznań, and Wrocław, and supports the company’s strategic growth plan focused on Poland’s largest housing markets.
“This acquisition marks another milestone in executing our strategy to exceed annual sales of 4,500 residential units by 2028,” said Andrzej Oślizło, Chief Executive Officer of Develia. “It strengthens our position in Warsaw, the country’s most stable residential market, and allows us to reinvest the proceeds from the recent sale of Arkady Wrocławskie into our priority segment, which continues to deliver strong returns.”
Bouygues Immobilier Polska has operated in Poland since 2001, completing more than 9,500 residential units and commercial premises across 70 projects. At the end of 2024, it had approximately 1,300 units under development and in preparation, and around 2,800 units secured through preliminary land agreements. Around 71% of the portfolio is located in Warsaw, with 13% in Poznań and 16% in Wrocław. Current projects include Viva Cité, Lumea Estate, and Neo Praga in Warsaw, Vilda Arte in Poznań, and Vivre in Wrocław.
“We are expanding our operations with projects and land in high-potential districts like Bemowo, Ursus, and Włochy in Warsaw, as well as in Poznań and Wrocław,” said Karol Dzięcioł, Management Board Member of Develia. “We are now preparing for the integration process, and based on the experience gained from our acquisition of Nexity’s Polish subsidiaries in 2023, we are confident in delivering this phase efficiently.”
The transaction was funded with Develia’s own capital, with the possibility of refinancing through a bank loan. Regulatory approval was secured from UOKiK prior to closing.
