16:41 2 May 2026
Need for land causing developers to seek M&A
Poland’s real estate sector has seen about 40 M&A transactions over the past decade, with the most active players including Dom Development, Develia, Echo Investment, TAG Immobilien, and Polski Holding Hotelowy. A key driver has been limited land availability, pushing developers to acquire competitors’ land banks to scale faster and enter new markets.
The market remains fragmented, with over 800 developers, though around 200 larger firms account for more than 70% of projects. M&A activity is also driven by succession issues, as some founders approach retirement.
Developers are expanding through public-private partnerships with cities, supporting social housing projects. Experts note that Poland’s housing model is heavily ownership-based, exceeding 80%, while a healthier balance would be closer to 70% ownership and 30% rental.
