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Develia SA has announced that its joint venture has acquired a property in Warsaw for PLN 18.3 million net as part of its ongoing residential development strategy. The acquired land is planned for a new housing project comprising approximately 158 residential units and two commercial units. According to the company, sales for the development are expected to begin in the first quarter of 2027. The transaction reflects continued investment activity in Warsaw's residential market, where developers remain focused on expanding housing supply amid sustained demand for new homes.
Develia SA has said that its joint venture has purchased a property in Warsaw for PLN 18.3 million net, strengthening its development pipeline in the Polish capital.
The company stated that the land acquired by the joint venture is intended for a residential-led development comprising around 158 housing units along with two commercial units. The project is expected to add to the supply of new residential stock in Warsaw, one of Poland's most active housing markets.
According to the company, the launch of sales for the proposed development is planned for the first quarter of 2027. Further details regarding the project's total investment value, construction timeline, and completion schedule were not disclosed.
The acquisition comes as developers across Poland continue to pursue new land opportunities in major urban centres to support future residential projects. Warsaw has remained a key market for housing development due to its large population, employment opportunities, and ongoing demand for newly built homes.
Develia is among Poland's prominent residential developers and has been actively expanding its portfolio through land acquisitions and new project launches across major cities. The latest purchase is expected to support the company's future housing pipeline and strengthen its presence in Warsaw.
Source Reuters
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