Develia has agreed to acquire 100% of the shares in Bouygues Immobilier Polska, the Polish branch of Bouygues Immobilier, a full service property developer in France, for EUR 65.9 million.
The acquisition increases the group’s number of residential units under development and expands the growth potential of its land bank in Warsaw, Poznan, and Wroclaw.
“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,” said Develia CEO Andrzej Oslizlo. “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.
“The acquisition coincided with the completion of the sale of Arkady Wroclawskie,” Oslizlo added, “enabling us to reinvest the proceeds into further development of our priority residential segment, which delivers attractive rates of return.” (That sale was reported by CEE Real Estate Matters on July 3, 2025).
Bouygues Immobilier Polska has been active in Poland since 2001, putting together a team of some 80 skilled employees and successfully completing over 9,500 residential units and commercial premises across 70 projects. At the end of 2024, Bouygues Immobilier Polska had approximately 1,300 units under development, and held approximately 2,800 units in land secured by preliminary agreements. The projects are located in Warsaw (which accounts for approximately 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.
“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 Poznan – where we have been building our brand for the past two years – and in Wroclaw,” explained Karol Dzieciol, a member of Develia’s management board. “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 are able to carry out this phase efficiently, fully leveraging the transaction’s potential.”
Develia financed the EUR 65.9 million transaction with its own funds, with the option to refinance through a bank loan. Prior to the transaction’s completion, the company obtained approval from Poland’s Office of Competition and Consumer Protection.
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