Develia has signed a preliminary agreement to acquire 100% of shares in Bouygues Immobilier Polska, the Polish branch of Bouygues Immobilier, a full-service property developer in France.
The price set in the preliminary agreement is EUR 66.5 million. According to Develia, “the acquisition will allow Develia to increase the number of residential units under development and enhance the growth potential of its land bank in Warsaw, Poznan, and Wroclaw.”
“For several years, we have been consistently strengthening our position on the Polish residential property market,” said Develia CEO Andrzej Oslizlo. “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.”
“Our strategy assumes allocating over PLN 500 million annually for land acquisitions and M&A, and this transaction fits into this framework,” Oslizlo added. “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.”
Bouygues Immobilier has been active in Poland since 2001, delivering over 9,500 residential units and commercial premises across 70 projects to date. At the end of 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), Poznan (13%), and Wroclaw (16%). Currently, Bouygues Immobilier Polska is implementing projects such as Viva Cite, Lumea Estate, and Neo Praga in Warsaw, Vilda Arte in Poznan, and Vivre in Wroclaw.
“The acquisition of Bouygues Immobilier Polska does not only mean an increase in the scale for Develia, but also a diversification through land in new locations and potential benefits resulting from the synergy effects,” said Karol Dzieciol, member of the management board of Develia. “The successful integration of the Polish companies of Nexity acquired by Develia in 2023, has showed that we have the necessary know-how to generate and leverage synergies accelerating the group’s development.”
The preliminary agreement signed by Develia involves the acquisition of 100% of shares in Bouygues Immobilier Polska. 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 Poland’s Office of Competition and Consumer Protection.
Image source: www.bi-polska.pl
