Linklaters has advised Develia S.A., one of Poland’s largest developers, on the closing of its acquisition of 100% of the shares in the Polish subsidiaries of Nexity S.A., France’s leader in real estate development. The agreed purchase price is EUR 100 million.
With the acquisition, Develia significantly strengthens its position among Poland’s leading residential developers, increasing the scale of its operations primarily in Warsaw and Krakow.
The final agreement concerns the acquisition of 100% of the shares in 19 Polish companies being subsidiaries of Nexity. Develia additionally takes control over 10 limited partnerships (whose limited and general partners are acquired companies), conducting development activity in Poland. Nexity’s current projects in Poland include Bemowo Line and Next Ursus in Warsaw, City Vibe in Krakow and Malta Point in Poznan.
The transaction was led by Tomasz Trystuła (managing associate), supported by Marta Strykowska (associate). The wider real estate team included Ewa Sinkiewicz (managing associate), Joanna Roman (associate) and Maksymilian Hau (associate). Wojciech Podlasin (managing associate) and Barbara Wanat (senior associate) advised on the competition law aspects. Szymon Sieniewicz (managing associate, head of TMT/IP practice) and Sandra Słowik (junior associate) provided intellectual property and data protection advisory. Monika Krzyszkowska-Dąbrowska (counsel, head of employment practice), Łukasz Burakowski (managing associate) and Jakub Korobczuk (junior associate) advised on employment law aspects.