Develia reports strong growth in the first half of 2024 with 65% increase in residential sales

Develia, one of Poland’s prominent real estate developers, has posted significant gains in its residential and commercial activities for the first half of 2024. The company sold 1,949 apartments during the period, marking a remarkable 65% increase compared to the 1,184 units sold in the same timeframe in 2023. This impressive growth in sales reflects the company’s expanding footprint in Poland’s dynamic real estate market, driven by high demand for residential properties across major cities.

In addition to the uptick in sales, Develia handed over 1,057 units to buyers in the first half of 2024, an increase of 59% compared to the 666 units delivered during the same period last year. This significant rise underscores Develia’s strong project pipeline and its ability to deliver quality residential units promptly, positioning the developer as a key player in Poland’s competitive housing sector.

Develia’s growth momentum carried into the second quarter of 2024, with the company selling 911 units, a 40% increase over the 651 units sold in the same period of 2023. The majority of these sales came from high-demand residential projects across Poland, including flagship developments such as Bemowsphere in Warsaw, Przemyska Vita in Gdańsk, and Ceglana Park in Katowice. These projects have been well-received by buyers, reflecting strong demand for modern housing solutions in Poland’s urban centers.

During the same quarter, Develia delivered 459 units to customers, with the most deliveries taking place in major developments such as Cynamonowa Vita in Wrocław, Libero in Warsaw, and Grzegórzecka in Krakow. These high-quality projects have enhanced Develia’s reputation for timely delivery and customer satisfaction, contributing to its growing success in the competitive housing market.

Looking ahead, Develia has ambitious plans to further expand its residential offerings. In the first half of 2024, the developer launched construction on approximately 2,850 new apartments. These projects will play a key role in driving the company’s growth in the coming years, catering to the increasing demand for housing in Poland’s property market.

In addition to launching new projects, Develia has been actively expanding its land bank. The company finalized the acquisition of land plots with the potential to develop over 3,200 new residential units. This move strengthens Develia’s future development pipeline and reinforces its ability to meet the ongoing demand for housing in key urban areas. By maintaining a robust land bank, Develia ensures it remains well-positioned to capitalize on future market opportunities.

In the commercial real estate sector, Develia continues to make strategic moves that enhance its overall portfolio. A key highlight of the company’s commercial activities in the first half of 2024 was the signing of a preliminary sales agreement for Arkady Wrocławskie, a major commercial property located in Wrocław. The transaction is expected to be finalized by the end of 2024, with Develia on track to close the deal as part of its ongoing efforts to streamline its commercial holdings.

The sale of Arkady Wrocławskie is part of Develia’s broader strategy to focus on high-performing commercial assets while unlocking capital for new investments. The company has been optimizing its portfolio by divesting select assets and reinvesting in projects with strong growth potential. The completion of the Arkady Wrocławskie sale is expected to provide significant liquidity, which will be channeled into Develia’s residential and commercial development pipeline, ensuring the company remains agile in an evolving market.

Develia’s plans for its commercial segment don’t stop there. The company is actively pursuing opportunities to grow its portfolio of commercial properties, with a focus on modern office spaces, retail centers, and mixed-use developments. Develia aims to complete the sale of its key assets in the commercial sector by the end of 2025, positioning itself as a key player in the market for high-quality commercial properties.

The first half of 2024 marked a period of sustained growth for Develia, with the company achieving significant milestones across both its residential and commercial segments. Develia’s ability to rapidly scale its operations, launch new projects, and meet delivery targets highlights its strong market position and dedication to quality.

In addition to expanding its residential and commercial portfolios, Develia’s strategic focus on acquiring prime development land ensures the company is well-prepared to meet the growing demand for housing and commercial properties in Poland. With new projects already in the pipeline, Develia is poised to continue its impressive growth trajectory in the second half of the year.

Develia’s leadership team has expressed confidence in the company’s future outlook. With a strong land bank, an expanding project portfolio, and a focus on delivering high-quality developments, Develia is well-positioned to capitalize on opportunities in both the residential and commercial real estate markets. The company’s efforts in sustainable development, alongside its ability to adapt to changing market conditions, reflect its commitment to long-term growth and value creation for shareholders.

Develia’s performance in the first half of 2024 serves as a testament to its strategic focus and operational excellence. The company’s impressive sales growth, strong development pipeline, and strategic commercial activities highlight its role as a leader in Poland’s real estate market. As Develia continues to deliver on its ambitious plans, it remains a key player in shaping the future of Poland’s urban landscape, contributing to the development of modern, sustainable, and high-quality properties across the country.