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Closing: Develia Acquisition of Nexity's Polish Subsidiaries Now Closed

Closing: Develia Acquisition of Nexity's Polish Subsidiaries Now Closed

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On July 26, 2023, Linklaters announced that Polish developer Develia's EUR 100 million acquisition of 19 Polish subsidiaries from French developer Nexity (as reported by CEE Legal Matters on June 5, 2023) had closed.

According to the firm, with the acquisition, Develia “significantly strengthens its position among Poland's leading residential developers, increasing the scale of its operations primarily in Warsaw and Krakow.” The final agreement concerns the acquisition of 100% of the shares in 19 Polish companies while Develia additionally takes control over ten limited partnerships conducting development activity in Poland.

As previously reported, Linklaters had advised Develia and Dentons advised Nexity.

Linklaters’ team included Counsel Monika Krzyszkowska-Dabrowska, Managing Associates Tomasz Trystula, Ewa Sinkiewicz, Wojciech Podlasin, Szymon Sieniewicz, and Lukasz Burakowski, Senior Associates Samanta Wenda-Uszynska and Barbara Wanat, Associates Marta Strykowska, Maksymilian Hau, and Joanna Roman, and Junior Associates Sandra Slowik and Jakub Korobczuk.

The Dentos team included Partners Michal Wasiak and Magdalena Szwarc-Brozyna, Managing Counsel Tomasz Krasowski, Senior Associates Natalia Lawniczak-Koziol and Damian Bugaj, Associate Magdalena Witka, and Trainee Aleksandra Redzisz.

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