"For several years, we have been consistently strengthening our position on the Polish residential property market. We have been effectively supporting the company’s growth through joint ventures and M&A transactions. The acquisition of Bouygues Immobilier Polska is consistent with our business strategy and will enable us to further expand in the three cities, where we already operate, and primarily in Warsaw, which remains a particularly attractive market for us", says Andrzej Oślizło, CEO of Develia. "Our strategy assumes allocating over PLN 500 million annually for land acquisitions and M&A, and this transaction fits into this framework. Given Develia’s very good liquidity situation, we are able to finance this acquisition using our own funds, leaving open the possibility of refinancing with a bank loan", adds Andrzej Oślizło.

Bouygues Immobilier is one of the leading property developers in France. The company has been active in Poland since 2001, delivering over 9,500 residential units and commercial premises across 70 projects to date.

At-end 2024, Bouygues Immobilier Polska had approximately 1,300 units under development and in preparation, of which 1,098 were already covered by development agreements. Additionally, the company held approximately 2,800 units in land secured by preliminary agreements. The projects are located in Warsaw (approx. 71% of the total usable area of apartments), Poznań (13%), and Wrocław (16%). Currently, Bouygues Immobilier Polska is implementing projects such as Viva Cité, Lumea Estate and Neo Praga in Warsaw, Vilda Arte in Poznań and Vivre in Wrocław.

"The acquisition of Bouygues Immobilier Polska not only means an increase in the scale for Develia, but also a diversification through land in new locations and potential benefits resulting from the synergy effects. The successful integration of the Polish companies of Nexity acquired by Develia in 2023, has shown that we have the necessary know-how to generate and leverage synergies, accelerating the group’s development", says Karol Dzięcioł, member of the management board of Develia.

The preliminary agreement signed by Develia concerns the acquisition of 100% of shares in Bouygues Immobilier Polska. The sale price is €66.5 million (approx. PLN 283.6 million). Develia will finance the transaction with its own funds, with the option to refinance through a bank loan. The agreement is expected to close by June 30, 2025, subject to approval by the President of UOKIK (Office of Competition and Consumer Protection) for the concentration in Poland.