Develia has signed a preliminary agreement to acquire 100% of the shares in Bouygues Immobilier Polska, the Polish branch of the French developer Bouygues Immobilier. The agreed sale price is €66.5 million (approximately PLN 283.6 million). Through this acquisition, Develia will significantly increase the number of residential units under development as well as its land bank growth potential in Warsaw, Poznań, and Wrocław.
“For several years now, we have been consistently strengthening our position in the Polish residential market. We support the organic growth of our company through joint ventures and M&A transactions,” said Andrzej Oślizło, CEO of Develia. “The acquisition of Bouygues Immobilier Polska aligns with our business strategy and will allow us to expand further in three cities where we are already present—most notably Warsaw, which remains a particularly attractive market for us.”
“As part of our strategy, we have planned to allocate over PLN 500 million annually for land purchases and M&A transactions. This deal fits within those parameters. Given Develia’s very strong liquidity position, we are able to finance this acquisition with our own funds, while keeping open the option of refinancing through a bank loan,” Oślizło added.
Bouygues Immobilier is one of the leading property developers in France. The company has been present in Poland since 2001, having completed over 9,500 apartments and commercial units across 70 projects.
As of the end of 2024, Bouygues Immobilier Polska had around 1,300 residential units under construction or in preparation, of which 1,098 were already under signed development agreements. Additionally, the company had approximately 2,800 units in land secured through preliminary agreements. The investments are located in Warsaw (about 71% of total usable residential space), Poznań (13%), and Wrocław (16%). Current projects include Viva Cité, Osiedle Lumea, and Neo Praga in Warsaw, Vilda Arte in Poznań, and Vivre in Wrocław.
“The acquisition of Bouygues Immobilier Polska means not only scaling up Develia’s operations, but also diversifying them through land assets in new locations, along with potential benefits from synergy effects,” said Karol Dzięcioł, Management Board Member of Develia.
“The successful integration of the Polish companies of Nexity, which Develia acquired in 2023, demonstrated that we have the necessary know-how to create and leverage such synergies to accelerate the group’s growth.”
The preliminary agreement signed by Develia covers the purchase of 100% of the shares in Bouygues Immobilier Polska. The transaction, valued at €66.5 million (around PLN 283.6 million), will be financed with Develia’s own funds, with an option for bank loan refinancing. The deal is expected to close by June 30, 2025, pending approval from the President of the Office of Competition and Consumer Protection (UOKiK) for market concentration in Poland.
Source: https://ceo.com.pl/develia-przejmie-bouygues-immobilier-polska-za-665-mln-euro-43236
