Develia eyes organic growth in 2025 while exploring JV opportunities

Develia, one of Poland’s leading real estate developers, is prioritizing organic growth in 2025 but remains open to partnerships and joint venture projects to expand its portfolio. As of Q3 2024, Develia’s land bank consisted of nearly 13,600 units, with over 2,300 secured premises. During 2024, the company acquired land for over 4,000 apartments and plans to continue expanding its land reserves in the coming quarters, according to President Andrzej Oślizło in an interview.

“In 2025, we aim to strengthen Develia’s competitive edge in the housing market. Our mission is to be the first choice for customers seeking modern, comfortable living spaces that cater to a range of needs. Early next year, we will outline specific goals for 2025, including apartment sales, project launches, and unit transfers,” Oślizło stated.

He emphasized that a critical element of Develia’s growth strategy is the consistent expansion of its land bank. “Despite record-breaking annual sales this year, we have secured land on favorable terms for over 4,000 apartments, ensuring that Develia’s development potential continues to grow,” he added.

While organic growth remains a top priority, Oślizło noted that the company is exploring alternative development avenues, including partnerships and joint ventures. Additionally, Develia plans to ramp up its presence in the Private Rented Sector (PRS) and private dormitory markets, reflecting a broader diversification strategy.

Oślizło expressed optimism about the residential property market stabilizing in 2025, citing potential steadiness in revenue and costs. He highlighted the importance of monitoring financing costs and potential interest rate reductions, which could further boost market dynamics.

“Develia’s financial position is robust, providing a solid foundation for continued growth. We are well-prepared for various market scenarios, bolstered by anticipated financial inflows from divestments of commercial assets planned for 2025,” he said.

Develia operates residential and commercial projects in several major Polish cities. Listed on the Warsaw Stock Exchange (WSE) since 2007 (formerly under the name LC Corp), the company is part of the mWIG40 index. In 2023, Develia reported sales revenues of PLN 1.067 billion, further cementing its position as a key player in the Polish real estate sector.

Source: Develia and ISBnews
Photo: Centralna Vita, Kraków, Develia