Green light for major Polish developer to acquire smaller rival

Grupa Atal has received clearance from the Polish Office of Competition and Consumer Protection (UOKiK) to take control of the Budner group, a key condition for the preliminary purchase agreement worth PLN 133.5 million. The move will allow Atal to add approximately 70,000 sqm of residential usable floor area (PUM) in the Tri-City area.

The preliminary agreement was signed on May 4, 2026, and covered the acquisition of shares in companies belonging to the Budner group, including its real estate. The total price of PLN 133.5 million combines the cost of shares and properties, with a price adjustment mechanism included in the contract.

Besides the UOKiK approval, other suspensive conditions include obtaining specific banking consents and administrative decisions. The transaction is expected to strengthen Atal’s presence in the Tri-City market, where the developer has been active for years.

Tri-City remains a key market for Atal

– The Tri-City region is of great importance to Atal, where we have consistently built our position for many years. This area stands out for high buyer activity – both those purchasing apartments for their own needs and clients treating real estate as an investment. The UOKiK decision opens the door to further development of our offer in this part of Poland. Including Budner projects in Atal’s portfolio will significantly increase the choice of available properties – said Zbigniew Juroszek, president of Atal.

In the first quarter of 2026, Atal delivered 500 residential and commercial units, generating consolidated revenue of PLN 315 million. Net profit for the period exceeded PLN 55.3 million, with a net margin of 17.6 percent. Year-on-year, the number of handed-over units more than doubled from 218 in Q1 2025.

Atal reports strong first-quarter results

The highest number of units was delivered in Tri-City (127), followed by Łódź (97), Katowice (88), Wrocław (72), Poznań (50), Kraków (42) and Warsaw (24). Atal signed 644 developer and preliminary agreements in Q1 2026, with 365 units contracted in March alone. At the end of the quarter, the company held 241 active reservation agreements.

The management board recommended distributing a dividend of PLN 4.5 per share from the 2025 net profit of PLN 221.2 million, with the remainder allocated to reserve capital. The proposal will be presented to the annual general meeting of shareholders.

Źródło: WNP.PL, Fot. Atal press materials

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