Polish residential developer Develia S.A. has entered into a preliminary agreement to buy 100% of Bouygues Immobilier’s shares of Bouygues Immobilier Polska s.p.o. for EUR 65.5 million.
According to the Addleshaw Goddard law firm, which advised Develia on the deal, Bouygues Immobilier Polska’s portfolio comprises approximately 1,300 ongoing residential units across Warsaw, Wroclaw, and Poznan, with secured pipeline rights for a further 2,800 units.
The Dentons law firm advised the sellers on the deal.