Develia real estate acquires 100 pct stake in Bouygues Immobilier Polska for EUR 65.9 mln

As stated, the original price indicated in the preliminary sale agreement concluded on April 29, 2025, amounting to EUR 66.5 million, was adjusted on terms agreed by the parties.

Develia financed the transaction from its own funds with the option of refinancing with a bank loan. Prior to completing the transaction, the company received approval from the head of Poland's antitrust and consumer protection regulator UOKiK to proceed with the concentration.

"The structure of the transaction assumes that the current cash flows from January 1, 2025, will accrue to the issuer. In the event of unauthorised financial flows between the acquired company and the sellers and its related entities in 2025, the value of such flows will be returned by the sellers to the issuer," Develia said in the market filing.

Bouygues Immobilier Polska has been operating on the Polish market since 2001. To date, the company has completed over 9,500 residential and commercial units in 70 projects.

At the end of 2024, Bouygues Immobilier Polska had approximately 1,300 apartments under construction and in preparation. In addition, the company had approximately 2,800 premises on land secured by preliminary agreements.

The investments are located in Warsaw, Poznan and Wroclaw. Currently, Bouygues Immobilier Polska is implementing projects such as Viva Cite, Osiedle Lumea and Neo Praga in Warsaw, Vilda Arte in Poznan and Vivre in Wroclaw.

Karol Dzieciol, a member of Develia's management board, assessed that the transaction increases the scale of the group's operations and enables diversification of its offer.

"In the coming months, we will focus on the integration process of the companies. Based on our experience with the integration of the Polish Nexity companies acquired in 2023, we are able to carry out this stage effectively, fully exploiting the potential of the transaction," he added.

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