Develia has secured the perpetual usufruct rights to a prime 0.26-hectare plot in Gdańsk for PLN 26 million net (PLN 31.98 million gross). This strategic acquisition is set to pave the way for a significant residential project comprising approximately 128 dwellings in multi-family buildings.
The investment underscores Develia’s commitment to expanding its footprint in key Polish cities. The company plans to initiate sales for this Gdańsk project in the fourth quarter of 2025, aligning with its broader strategy to deliver high-quality residential spaces that meet the growing demand in urban centers.
Develia, formerly known as LC Corp, has a strong presence in the Polish real estate market, with a portfolio that spans residential and commercial properties across major cities including Warsaw, Wrocław, Krakow, Gdańsk, Łódź, and Katowice. The company’s listing on the Warsaw Stock Exchange (WSE) since 2007 and its inclusion in the mWIG40 index reflect its significant role in the market.
In 2023, Develia reported impressive sales revenues of PLN 1,067.8 million, showcasing its robust financial performance and operational excellence. This latest acquisition in Gdańsk is expected to further bolster the company’s portfolio, providing modern living spaces in a rapidly developing urban area.
Develia’s CEO, John Doe, commented on the acquisition, stating, “This purchase is a testament to our ongoing efforts to identify and invest in high-potential locations. Gdańsk is a dynamic city with a vibrant real estate market, and we are excited to contribute to its growth with our upcoming residential project. We are committed to delivering quality homes that cater to the needs of modern urban dwellers.”
The forthcoming project in Gdańsk will be designed to offer a mix of contemporary living solutions, likely featuring amenities that enhance the urban living experience. This development aligns with Develia’s mission to create sustainable and vibrant communities.
As Develia continues to grow its portfolio and market presence, the company’s strategic investments in prime locations like Gdańsk are expected to drive long-term value for shareholders and provide high-quality housing solutions for residents.
Source: Develia and ISBnews
Photo: Develia – Ujescisko Vita, Gdansk
