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October 2026
Largest Real Estate Development Public Companies in Poland
Benchmark revenue and EBITDA valuation multiples for public comps like
Dom Development, CPI FIM, Develia, Archicom and ATAL.
 | Dom Development SA is engaged in the construction and sale of residential properties mainly in Warsaw. The company’s segments include the Warsaw segment, the Tricity segment, the Wroclaw segment, and the Krakow segment. It derives the majority of the revenue from the Warsaw segment. | $61 | -8% | $1.6B | $1.8B | 2.1x | 8.5x | ||
| CPI FIM SA is an investor, developer, and asset manager in the Central European real estate and hospitality market. The group operates in several countries in Central and Eastern Europe with the main focus on the Czech Republic, Germany, Poland, and Croatia. It is engaged in the financing of entities within the CPIPG Group and also holds and operates a property portfolio. Its other business activities include rendering advisory and other services to CPI PG group; investing in the land bank and development portfolio in the Czech Republic; managing of office portfolio in Poland; operating of hotel resort in Italy; and managing of residential portfolio in France. | $1 | -22% | $1.1B | $2.7B | 19.1x | 32.4x | ||
| Develia SA is a Poland based real estate developer. The company executes commercial and residential investment projects. It is engaged in activities, consisting of the purchasing of real estate and the development of residential, office, commercial or retail projects, and the sale or lease of premises. Its properties are built in Polish cities including Warsaw, Wroclaw, Krakow, Katowice, Gdansk, and Lodz. | $2 | +3% | $1.1B | $1.2B | 2.2x | 8.2x | ||
| Archicom SA is a Poland based company engaged in the development of residential and office buildings. The company's investments include Olimpia port, Fourth Dimension, River Point and Four seasons among others. | $13 | +3% | $755M | $947M | 3.8x | 23.5x | ||
| ATAL SA is a residential property development company in Poland. It is engaged in the construction and sale of apartments in multi-family buildings. It also constructs single-family houses. | $16 | +1% | $689M | $1.2B | 3.7x | 16.0x | ||
| MLP Group SA is a Poland based company engaged in the construction and management of modern warehouse and manufacturing centers. The company's offerings include MLP Bierun, MLP Bucharest West, MLP Czeladz, MLP Gliwice, MLP Lublin, and MLP Poznan among others. | $29 | +32% | $688M | $1.6B | 14.6x | - | ||
| Echo Investment is a Polish real estate developer headquartered in Kielce, with a second head office in Warsaw, that builds residential, office and retail projects in Poland's largest cities. It describes itself as the largest Polish developer and has been listed on the Warsaw Stock Exchange since 1996. Its homebuilding arm is Archicom, a Wroclaw-based developer acquired in 2021, which started construction of 2,598 homes in 2024. The group also runs Resi4Rent, the largest institutional rental-apartment platform in Poland with about 5,400 units in six cities at the end of 2024, the CitySpace flexible-office business and StudentSpace, a student-housing platform launched with Signal Capital Partners and Griffin Capital Partners. Echo earns revenue from selling apartments and from leasing and then selling completed office and retail buildings, such as the React office building in Lodz, sold for EUR 32.5 million in 2024. It develops large mixed-use projects it calls destinations, including Browary Warszawskie and Towarowa22 in Warsaw, Fuzja in Lodz and WITA in Krakow. The group counts 277 investments totalling 2.9 million square metres, and its assets were valued at PLN 6.6 billion at 31 December 2025. Since 2019 its main shareholder has been Lisala, owned by Hungary's Wing and Griffin Capital Partners, and Nicklas Lindberg has been chief executive since 2016. | $1 | -7% | $575M | $1.3B | 2.4x | 21.2x | ||
| Globalworth Real Estate Investments Ltd is a real estate investment company. The Company whose principal business activities is that it acquires, develops and manages commercial real estate assets, in the office sector. The company's operating segment includes Office; High street mixed-use; Residential investment properties and Other. It generates maximum revenue from the Office segment. Geographically, it derives a majority of revenue from Poland. | $2 | -26% | $525M | $1.7B | 19.2x | - | ||
| Globe Trade Centre SA is a real estate investor and developer that focuses its business in Poland and several capital cities in Eastern Europe. The group operates in Poland, Belgrade, Hungary, Bucharest, Zagreb, and Sofia. The group manages a real estate portfolio that includes commercial buildings in the form of offices and retail space. The commercial property portfolio is actively managed by the group. In terms of geographic location, almost half of the company's revenue comes from Poland and the remaining is made up of other geographic areas. | $1 | -39% | $345M | $2.2B | 9.7x | (20.3x) | ||
| Polski Holding Nieruchomosci SA engages in the development, management, sale of commercial and residential real estate. It offers properties for lease and venues for training, business meetings, and recreational activities. The company operates through Lease, Property Development, and Other Activities segments. Lease segment which contributes majority revenue engages in leasing of office, retail, warehouse and logistics space, residential and other properties. Property Development segment deals with construction and sale of residential premises. | $2 | -12% | $120M | $582M | 2.6x | 8.4x | ||
| Lokum Deweloper SA is engaged in the development and sale of flats. The company creates comfortable and functional apartments as well as commercial and service premises in the center of Wroclaw. | $6 | -1% | $111M | $143M | 5.2x | 11.0x | ||
| Marvipol Development SA is a Poland-based company engaged in the real-estate sector. The company conducts its activity through special purpose vehicles in two segments namely Residential and Warehouse projects. Its Residential segment consists of the development of multi-family housing. The Warehouse projects segment is involved in investing in the construction and commercialization, and sale of its commercialized projects. | $2 | -1% | $88M | $177M | 1.3x | 6.6x | ||
| Cavatina Holding SA is involved in the real estate market. It focuses on development of office space. The company manages all key investment processes in-house. From acquisition, architectural and interior design to fit-out and general construction. | $3 | -20% | $83M | $655M | 8.8x | 20.7x | ||
| Inpro SA is a Poland-based firm engaged in property development activities. The property development activity of the company includes the construction and sale of residential and commercial premises. The company's operating segments include property development activity, manufacture of precast products, plumbing, and heating systems, and renting of real property. The company generates maximum revenue from the Property development activity segment. | $2 | -18% | $75M | $129M | 1.2x | 5.1x | ||
| JRH ASI SA Formerly JR HOLDING S.A offers real estate services. It is engaged in the acquisition of commercial real estate and renting retail space, office and warehouse. | $1 | -34% | $57M | $961K | (0.3x) | 0.1x | ||
| Wikana SA is a real estate development company. It is engaged in developing houses, apartments, and terraced houses, land acquisition and purchasing and selling real estate properties. | $3 | +30% | $48M | $47M | ||||
| Rank Progress SA is a Poland-based company engaged in property investment and development. It is engaged in renting and operating of own or leased real property, buying and selling of own real property and constructing its own projects. The company's business model is based on the purchase of real estate, land integration, administrative preparation for development, construction works, and management or sale of a property. The company is also engaged in providing rental space to shopping centers in the main cities across Poland. | $1 | +2% | $41M | $83M | ||||
| Czerwona Torebka SA creates a chain of shopping malls in commercially attractive locations. It operates in the real estate and trade market. The company has been managing a real estate portfolio which includes commercial, development and ground investment projects. | $0 | +74% | $15M | $13M | ||||
| Krakowskie Centrum Inwestycyjne SA is a Poland based company whose activity is currently focused in two areas: in the predevelopment segment, based on real estate on Romanowicza Street and premises in Warsaw, as well as media segment built around press titles such as Rzeczpospolita and Gazeta Gieldy among others. | $0 | -19% | $15M | $24M | ||||
| BBI Development SA is a Poland based company engaged in investing in the development projects, including financing and managing of real estate projects. Its projects include Zlota 44, Centrum Praskie Koneser and Roma Tower among others. | $1 | 0% | $14M | $37M | ||||
| Korporacja Gospodarcza Efekt SA through its subsidiaries engages in the wholesale and retail trade, as well as in renting, leasing, and managing real estate. | $2 | +20% | $9M | $15M | ||||
| SOHO Development SA is a Poland based company which operates as an investment company. The company's long-term plan is to focus on property development based on its land bank and the sale of non-strategic assets. | $0 | -15% | $7M | $11M | ||||
| MEDCAMP SA is engaged in redevelopment investments. The company provides clients with the quality of development projects prepared for implementation based on revitalized real estates. It also engaged in the acquisition, management, redevelopment and upgrade, as well as rental of commercial properties, including office areas and warehouses. | $0 | +26% | $7M | $7M | ||||
| Octava SA operates in the real estate sector as an active financial investor. Its main investment targets include medium term, medium size real estate projects which allow for value creation through full-scale development or redevelopment. | $0 | -17% | $7M | $8M | ||||
| Wise Finance SA formerly Noble Financials SA is engaged in investing, trading, implementing and managing real estate projects and development projects. The company's activity focuses on the implementation of high-quality housing projects and on office investments. | $16 | -5% | $6M | $21M | ||||
| CPD SA through its subsidiaries is involved in developing and selling office and residential properties in Poland and internationally. The company also acquires lands; and constructs office, commercial, and residential buildings, as well as leases office buildings and warehouses. In addition, it provides commercial real estate management services. | $0 | -81% | $3M | $4M | ||||
| Inside Park SA is a real estate company based in Torun. It operates mainly in northern and central Poland and offers comprehensive investment services. The company also provides ready-made investment solutions in the form of apartments and premises for rent. | $0 | -44% | $1M | $7M | ||||
| Tower Investments SA is a real estate development company. It develops retail properties and parks, as well as multi-purpose residential and commercial buildings. It co-creates and co-owns the SHOPIN brand which lends its name to shopping malls and retail parks. The company portfolio covers properties located in Poland. | $0 | -- | $1M | $913K | ||||
| Median | $2 | -7% | $66M | $106M | 3.7x | 6.6x |
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