Develia sells Arkady Wrocławskie property to Vastint Poland

Develia has completed the sale of the property housing the Arkady Wrocławskie complex in Wrocław to Vastint Poland, part of an international group focused on commercial real estate investments. The net transaction value is EUR 42.967 million, equivalent to approximately PLN 182 million.

Arkady Wrocławskie, a mixed-use retail and office complex commissioned in 2007, is situated within the streets Powstańców Śląskich, Swobodna, Komandorska, and Nasypowa in Wrocław. The sale agreement includes the land and all associated buildings. The complex is currently undergoing demolition.

“With the sale of Arkady Wrocławskie, we have achieved one of our strategic goals—exiting our office and retail portfolio. In recent years, this strategy has allowed us to redirect capital into expanding our core residential business, both organically and through acquisitions, strengthening our market position,” said Andrzej Oślizło, CEO of Develia. “I am pleased that the site of Arkady Wrocławskie, which has long been a significant landmark for Wrocław residents, will now be redeveloped by an experienced investor specializing in mixed-use projects. This will contribute positively to the attractiveness of this area of the city,” he added.

Paweł Ruszczak, Vice President of Develia, explained that proceeds from the sale will be partly used to repay a loan previously secured to finance the property, with EUR 26 million allocated for that purpose. The remaining funds will be invested in the residential segment, where the company expects higher returns. “This will be possible in the near term with the completion of our acquisition of Bouygues Immobilier Polska,” Ruszczak said.

The ongoing demolition, initiated by Develia, involves dismantling external structures of the complex and will be continued by Vastint Poland. The new owner plans to develop a modern, mixed-use project on the site.

“For years, Arkady Wrocławskie was a central place for shopping, gatherings, and cultural activities, playing an important role in Wrocław’s commercial landscape. We are now beginning a new chapter for this location,” said Roger Andersson, Managing Director of Vastint Poland. “Our vision is to demolish the current structure and develop a modern, multifunctional complex that is thoughtfully integrated into the urban fabric of the city centre. We aim to create a vibrant space that will attract residents and businesses alike, providing a dynamic environment for living, working, and leisure.”

Vastint Poland has previously developed projects in Wrocław, including the Business Garden office complex and the B10 office building, which houses the Element by Westin hotel.

Develia received legal advisory support from Dentons and commercial advice from Avison Young during the transaction. Vastint was advised on legal matters by Legal Kraft.