Transaction took place in July 2023 and Develia has purchase from NEXITY SA all SPV Polish companies which where making business operation in residential Real estate sector in 3 main cities in Poland i.e Warsaw, Kraków and Poznan.
Name of the deal
Sales of NEXITY Polska Group to Develia
The date of closing the deal
June - July 2023
Value of the transaction (in EUR)
100000000
Yield
20
Seller, plus brief information about the company
Seller: NEXITY SA the largest European residential developer with more than 4,5 bilion turnover.
NEXITY Polska 500 million turnover with 120 million EBITDA
Consultancy which advised Seller
Rotschild&co
Purchaser, plus brief information about the company
Develia SA stock exchange company. One of the biggest Real estate developer
Consultancy which advised Purchaser
PWC
Financing institution
PKO BP an MBank
Current occupancy level
100
Please say why this deal should be considered for the award
It was the biggest M&A in 2023 year on Real estate market in difficult market situation making Develia SA one of the biggest developer in Poland and purchaising unique competence in self construction, Land Development and great bank Land with high IRR
