Develia has finalised the agreement to acquire 100 percent of the shares in Bouygues Immobilier Polska, the Polish branch of Bouygues Immobilier, a full-service property developer in France, for €65.9 million (approximately PLN 279.4 million). The acquisition increases the Group’s number of residential units under development and expands the growth potential of its land bank in Warsaw, Poznań, and Wrocław. This is another acquisition by Develia in the residential real estate market over the past two years, following the takeover of Nexity’s Polish subsidiaries.
“Acquiring Bouygues Immobilier Polska marks another milestone on our path towards executing our strategy and exceeding annual sales of 4,500 residential units by 2028. It allows us to expand our project portfolio and strengthen our position, particularly in Warsaw – the largest and most stable residential market in Poland, which still offers significant opportunities for growth, making it particularly promising,” says Andrzej Oślizło, CEO of Develia. “The acquisition coincided with the completion of the sale of Arkady Wrocławskie, enabling us to reinvest the proceeds into further development of our priority residential segment, which delivers attractive rates of return,” adds Andrzej Oślizło.
Since 2001, Bouygues Immobilier Polska has been active in Poland, where it has developed a unique know-how thanks to a team of c. 80 skilled employees and completed over 9,500 residential units and commercial premises across 70 projects.
At-end 2024, Bouygues Immobilier Polska had approximately 1,300 units under development and in preparation. Additionally, the company held approximately 2,800 units of land secured by preliminary agreements. The projects are located in Warsaw (approx. 71 percent of the total usable area of apartments), Poznań (13 percent), and Wrocław (16 percent). 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.
“We have completed a transaction that increases the scale of our operations and diversifies our portfolio by including projects and land in districts with high investment potential, such as Bemowo, Ursus, and Włochy in Warsaw, as well as in Poznań – where we have been building our brand for the past two years – and in Wrocław. In the coming months, we will focus on executing the integration process of the companies. Based on the experience gained from the integration of Nexity’s Polish subsidiaries acquired in 2023, we can carry out this phase efficiently, fully leveraging the transaction’s potential,” says Karol Dzięcioł, member of the management board of Develia.
The agreement signed by Develia concerns the acquisition of 100 percent of the shares in Bouygues Immobilier Polska. The final sale price is €65.9 million (approx. PLN 279.4 million). Develia financed the transaction with its funds, with the option to refinance through a bank loan. Before the transaction’s completion, the company obtained approval from UOKIK (Office of Competition and Consumer Protection).
