The sale of Bouygues Immobilier Polska, the Polish subsidiary of the French real estate giant Bouygues Immobilier, marked a major milestone in the Central European residential market in 2025. The company was acquired by Polish developer Develia S.A. for €66.5 million, reflecting ongoing consolidation and growth ambitions in Poland’s housing sector.
Deal Overview
The transaction value totaled €66.5 million (approximately PLN 295 million).
Acquired assets include:
- 30 hectares of land for residential development
- Over 2,000 apartments at various stages of planning and construction
- Projects located in Warsaw, Wrocław, Poznań, and the Tricity area (Gdańsk–Sopot–Gdynia)
- A team of 80+ experienced professionals transferred to Develia
The portfolio covers active developments and land plots with full permitting, enabling rapid project execution.
About Bouygues Immobilier Polska
Bouygues Immobilier Polska operated in Poland since 2001 as part of the larger Bouygues Immobilier group. The company was recognized for high-end architecture, environmental sustainability, and strong design standards.
Notable projects include:
- Manufaktura Starego Mokotowa (Warsaw)
- Zajezdnia Poznań
- Zajezdnia Wrzeszcz (Gdańsk)
- Centreville Wrocław
Bouygues delivered mid to premium residential projects with a strong focus on urban quality and aesthetics.
Why Develia Acquired Bouygues Immobilier Polska
Develia S.A. is one of Poland’s leading real estate developers, with a portfolio focused on Warsaw, Wrocław, Kraków, Gdańsk, and Łódź. The acquisition strengthens Develia’s market share and accelerates its development pipeline.
Strategic goals:
- Expand its land bank in key urban zones
- Gain immediate access to shovel-ready projects
- Strengthen market position in Warsaw, Poland’s most competitive market
- Absorb experienced personnel and project management capacity
Develia is expected to deliver 2,500 to 3,000 additional units over the next three years as a result.
Residential Market Prices in Poland (2025)
- Warsaw: €3,100–€3,400/m²
- Wrocław: €2,300–€2,600/m²
- Gdańsk: €2,700–€3,000/m²
- Poznań: €2,100–€2,400/m²
Demand remains strong, driven by:
- Urban migration and demographic growth
- Affordable mortgage options (interest rates around 5.2–5.8%)
- Rising income levels and increasing homeownership demand
Deal Structure and Financing
The acquisition was financed through a combination of Develia’s own capital and bank loans.
No new shares or bonds were issued.
Several Bouygues managers and staff will remain within the Develia organization to ensure continuity and knowledge transfer.
Bouygues Immobilier: Strategic Refocus
Bouygues Immobilier’s exit from Poland does not signal a full retreat from Eastern Europe.
The company is refocusing on core Western European markets such as:
- France
- Belgium
- Spain
Future plans emphasize rental housing and mixed-use developments, where Bouygues sees greater control and scale opportunities.
Market Reaction
Following the deal’s announcement, Develia’s shares rose 4.1% over two trading days.
Analysts called the acquisition “strategically sound” and noted its potential to boost Develia’s share in Poland’s urban housing market.
What’s Next for Develia
The company aims to:
- Increase annual apartment output from 2,500 to over 4,000 units
- Expand in rental housing and master-planned communities
- Focus on sustainable urban developments with integrated infrastructure
Conclusion
The €66.5 million acquisition of Bouygues Immobilier Polska by Develia highlights the shifting dynamics of Poland’s real estate sector. For Develia, it’s a bold step toward growth and geographic dominance. For Bouygues, it reflects a strategic consolidation of international operations.
In a market driven by urban expansion, demographic growth, and housing shortages, such transactions are expected to shape the future of Polish real estate — favoring large, well-capitalized players with scalable portfolios and long-term vision.
