Ghent, April 2026.04.02 - Alides and Revive, the two Belgian developers behind Gdansk Development Holding N.V., have signed a preliminary agreement for the sale of 100% of shares in Stocznia Cesarska Development to Develia - one of Poland's leading residential developers. The transaction marks the successful conclusion of a foundational development phase that began when Alides and Revive acquired the 16-hectare site in 2017.
From stewardship to development-ready site
When Alides and Revive acquired the Imperial Shipyard site in 2017, they assumed stewardship of one of Poland's most complex and historically sensitive urban regeneration challenges. Over the years that followed, the partnership shaped the development vision for the site, secured the planning and permitting framework, realised the first buildings, and systematically prepared the broader area for large-scale mixed-use development. Today, the site stands fully development-ready - with building permits in place and construction conditions established for future phases.
Transaction structure and future development
Under the preliminary agreement, Develia will acquire 100% of the shares in Stocznia Cesarska Development, which holds the land of the former Imperial Shipyard along with project documentation and building permits issued for part of the site. Once completed, the site will accommodate a mixed-use project of at least 3,000 residential units, with a minimum of 220,000 m² of residential and commercial usable floor area. Construction may begin as early as 2027.
A deliberate portfolio decision
Having completed this foundational phase of value creation, Alides made a deliberate and forward-looking portfolio decision - freeing the capital invested and reinvesting the value created in the many ongoing development opportunities in Poland.
"The Imperial Shipyard is a site unlike any other in Poland. We are proud of what we have built here - not just in concrete and steel, but in vision, planning, and community engagement. We have taken this site through its most complex and defining phase of transformation. This transaction reflects a deliberate portfolio decision: by transferring the project at this stage of maturity, we free up capital and focus to pursue the next chapter of our growth in Poland - a market in which we remain deeply committed and continue to expand." - Rikkert Leeman, CEO, Alides
Revive focuses specifically on undervalued locations with clear urban and economic potential, where genuine added value can be created through regeneration, with a positive ecological and social impact.
"Revive is honoured to have contributed to the revitalization of a true landmark location in Poland. We work with private equity and our investors value that their capital is not only being deployed effectively, but also contributes to making better places. The transaction with Develia is a key milestone in the completion of our Good Life Fund, yet we are lined up with successor funds to continue building society in Poland." - Nicolas Bearelle, Founder and Executive Chairman, Revive
Conditions precedent
Under the preliminary agreement, and provided that the State Treasury does not exercise its pre-emption rights over the shares, Develia and the seller will enter into a conditional share sale agreement. The conditions precedent - to be satisfied by 20 December 2026 - include obtaining approval from the minister responsible for maritime economy, as well as carving out the Dyrekcja and Remiza buildings from the scope of the transaction.
"Signing the preliminary agreement marks an important first step toward delivering a project in an iconic part of the former shipyard area. A project of this scale, in such a unique location, brings both significant responsibility and a strong growth opportunity. Once the transaction is closed, we plan to deliver the project in phases, allowing us to manage general contracting costs more efficiently while securing our long-term presence in the Tricity area." -Andrzej Oślizło, CEO, Develia
A site of major historical significance
The Imperial Shipyard is a site of major historical significance - from its origins in the 19th century to the events surrounding the birth of the Solidarity movement and Poland's transition to a democratic system. The site is located along the banks of the Martwa Wisła River, close to Gdańsk's main railway station and the historic Old Town, spanning the area around Narzędziowców Street, Wyposażeniowców Street, and the Porozumienia Gdańskiego Square.
About Alides
Alides (www.alides.be) is an international real estate investor and developer active in Belgium and Poland. The company is backed by the Maes family, an entrepreneurial family from Ghent. Alides combines more than 130 years of experience with a forward-looking vision on real estate through Real Estate Upcycling, placing quality, sustainability, and innovation at the heart of everything it does.
Alides Polska (www.alides.pl) is the Polish subsidiary of Alides and has been active on the Polish real estate market since 2016. The company is steadily expanding its development and investment portfolio across key cities, including Gdańsk, Sopot and Warsaw. With its latest acquisition completed in January. Through strategically located residential, office and mixed-use projects, Alides Polska continues to build a strong and sustainable position in the Polish real estate sector.
About Revive
Revive is market leader in brown-to-green strategies and large-scale urban regeneration. The company has a pipeline of over EUR 2 billion GDV with projects in Warsaw, Poznań, Brussels, Lisbon, and Porto. Revive has been focusing on upscaling redundant assets since 2009 and is one of the fastest-growing specialists in the sector. With a clear focus on decarbonisation and affordable living, Revive's mission is to deliver high-quality neighbourhoods, maximising the return for all its stakeholders.
About Develia
Develia is one of the largest real estate developers in Poland, with 20 years of experience delivering residential projects in Warsaw, Kraków, the Tri-City area, Katowice, Poznań, and Wrocław. Listed on the Warsaw Stock Exchange since 2007, the Develia Group has completed 67 residential estates comprising 177 investment stages, totalling 25,000 apartments with a combined area of 1.4 million m². In 2024, the Group generated PLN 1,789.5 million in sales revenue and a consolidated net profit of PLN 379.1 million.
MEDIA CONTACT ALIDES
Dennis Defrancq, Marketing and Communications Manager Alides
Tel.: +32 477 457 138 | +48 510 179 258
E-mail: d.defrancq@alides.be
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