Polish developer Develia has announced that it plans to sell 3100-3300 apartments in 2025, maintaining a level comparable to last year’s, and the company will strive to deliver 2900-3100 units, which will allow it to exceed the 2865 apartments it delivered in 2024.
Develia has also set goals for this year in the commercial segment, including the finalization of the sale of Arkady Wroclawskie, and implementation of at least two projects in the living segment.
Currently, Develia reports having over 3000 units for sale, and the developer had a land bank with the potential to build 13.5 thousand apartments at the end of 2024 including secured preliminary agreements for land for over 3200 units.
“For the second year in a row, we achieved record sales, finding buyers for 3197 apartments in 2024, which is 20% more year-to-year and exceeding the target we have set,” said Develia CEO Andrzej Oslizlo. “This year, we expect the market to stabilize, so we want to maintain this level or slightly exceed it. We plan to introduce and start construction of at least 3100 apartments. We analyze the structure of demand on an ongoing basis and on this basis launch investments that fit into the current needs of buyers. A diverse land bank provides us with flexibility in this regard. We focus in particular on projects in attractive locations. An example is our new investment Krolowej Jadwigi 51 in Poznan, which is a response to the expectations of customers looking for a prestigious project in the city center.”
Develia also plans to implement at least two projects in the living segment this year, including the construction of a dormitory with approximately 600 rooms and two commercial premises in the center of Wroclaw on land the developer bought in January of this year.
The company also hopes to finalize the sale of the Arkady Wroclawskie facility on the property Develia tentatively agreed to sell to Vastint Poland back in December of 2023 for EUR 42.9 million.
“Last year was spent on preparations for the sale of Arkady Wroclawskie,” said Develia Vice-President Pawel Ruszczak. “In December, we obtained a final permit for the demolition of the building, which is one of the conditions of the preliminary agreement, and this process will begin in mid-February. By finalizing the transaction, we will complete the process of divestment of the commercial real estate portfolio and achieve one of our strategic goals.”
“We entered the new year with a solid financial position and investment opportunities,” Ruszczak continued, “thanks to which we are well prepared to achieve this year’s goals despite a rather difficult market, and in addition, we are able to efficiently take advantage of the emerging opportunities to which we remain open.”