Green light for major Polish developer to acquire smaller rival

Polish developer Atal has received approval from the Office of Competition and Consumer Protection (UOKiK) to take control of the Budner group, a key condition of the preliminary agreement. The transaction, valued at 133.5 million zlotys, gives Atal access to new residential projects in the Tricity area with approximately 70,000 square metres of usable residential space.


The deal was announced on 4 May 2026, when Atal signed a preliminary agreement to acquire shares in Budner group companies and its real estate. The UOKiK decision was a suspensory condition, along with obtaining specific bank consents and administrative decisions. The price includes a possible adjustment mechanism.

Tricity remains a strategic market

Tricity has been a key region for Atal for years, characterised by strong buyer activity from both end-users and investors. The acquisition of Budner’s projects will significantly expand Atal’s offering in northern Poland. – Tricity is a market of great importance for Atal, where the company has been consistently building its position for many years. The region stands out for its high buyer activity – both those purchasing flats for their own needs and clients treating real estate as an investment. The UOKiK decision opens the way for further development of our offer in this part of Poland. Integrating Budner’s projects into Atal’s portfolio will significantly increase the choice of available properties – said Zbigniew Juroszek, president of Atal.

Strong first quarter results

In the first quarter of 2026, Atal delivered 500 residential and commercial units, up from 218 a year earlier. Consolidated revenue reached 315 million zlotys, with net profit exceeding 55.3 million zlotys and a net margin of 17.6%. The most units were handed over in Tricity (127), followed by Łódź (97), Katowice (88), Wrocław (72), Poznań (50), Kraków (42) and Warsaw (24).

During the same period, Atal signed 644 developer and preliminary sales agreements, with 365 contracts in March alone. At the end of March, the company held 241 active reservation agreements. The management board has recommended a dividend of 4.5 zlotys per share from the 2025 net profit of 221.2 million zlotys, with the remainder allocated to reserve capital.

Źródło: WNP.PL, Fot. materiały prasowe / Atal

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