What WAN does

WAN S.A. is a Warsaw-based real estate development company founded around 1994 (firmographics list 1996) operating for approximately 30 years in the Polish property market. The company is organized into four business segments — Residential, Office and Retail, Warehouse/Logistics, and Leisure — and has completed 323,000 square meters across 38 investments by the end of 2025, with 116,000 square meters across 11 investments under construction and an additional 125,000 square meters across 11 future projects in planning.

The underlying business is conventional real estate development and asset ownership: end-to-end execution from land acquisition through completion, paired with a parallel rental portfolio of commercial and residential properties located in Warsaw, Gdańsk, Płock, Cracow, Łódź, and the Masurian Lakeland. Residential product spans multi-family apartment buildings, single-family homes, and premium penthouses (e.g., Babka Tower, Stary Żoliborz, Marymoncka, Saska Kępa); office and retail is anchored by the Babka Tower complex in Warsaw; warehouse and logistics assets are concentrated near the A1, S8, and E77 corridors in Kutno, Załuski, Kowiesy, Adamowice, and Płock; and the leisure segment includes aparthotels, maritime-themed apartments, and a planned 80-hectare Holiday Village resort in Bisztynek. Babka Tower II is being built to Class A+ standard with a BREEAM certification target.

Revenue is generated from one-time property sales (residential apartments, penthouses, office/retail spaces, warehouses to end buyers and investors) and recurring rental / leasing income (offices in Babka Tower and warehouses in logistics parks). Distribution is run directly through three dedicated sales offices (Warsaw at Marymoncka and Babka Tower headquarters, Łódź, Płock) plus a separate premium offers section of the corporate website; no third-party brokerage, no API/SDK, and no disclosed digital marketing tooling beyond the WAN.com.pl website. The company is privately held under a Polish Spółka Akcyjna structure with no publicly disclosed ticker, no parent company, and no disclosed funding rounds.

Name

WAN

Legal name

WAN S.A.

Website

https://wan.com.pl

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

11–50 employees

Short description

WAN S.A. is a Warsaw-based real estate developer operating for ~30 years across four segments — residential, office/retail, warehouse/logistics, and leisure — in Poland, with 323,000 sq.m completed across 38 investments and an active pipeline exceeding 240,000 sq.m.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Real Estate Property Managers (53131), Lessors of Residential Buildings and Dwellings (53111), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Lessors of Real Estate (5311)

SIC

Real Estate (6500), Lessors Of Real Property, Nec (6519), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Residential Real Estate Asset Management (BPAJAMAA)

akta.pro secondary industry

Luxury Vacation Rental Management (BPAJAIAD)

Keywords

• Residential property development
• Commercial real estate
• Warehouse logistics parks
• Leisure real estate
• Premium apartment sales

Headquarters

HQ city

Warsaw

HQ country

Poland

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Property Sales: Primary revenue from selling residential apartments, penthouses, office/retail spaces, and warehouse facilities to end buyers and investors.
2. Property Rental: Long-term rental income from commercial and residential properties in portfolio, including office spaces in Babka Tower and warehouses in logistics parks.
3. Warehouse Leasing: Logistics and warehouse space leasing through logistics parks in Kutno, Załuski, Płock, and other locations.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels1 record

Core offering

WAN S.A. develops, sells, and manages real estate across four segments — residential apartments and penthouses, office and retail space, warehouse and logistics parks, and leisure properties — in major Polish cities including Warsaw, Cracow, Łódź, Gdańsk, Płock, and the Masurian Lakeland. The firm sells premium residential units (e.g., BREEAM-certified apartments at Babka Tower, Babka Tower II, Słoneczna Polana), leases and sells commercial and warehouse space, and operates leisure properties in resort regions.

Product overview

WAN S.A. is a Warsaw-based real estate development company operating for 30 years, organised into four core business segments: Residential, Office and Retail, Warehouse/Logistics, and Leisure. The company's Residential Segment includes developments in Warsaw, Cracow, and Łódź (e.g., Osiedle na Zdrowiu IV, Jeziorki Residence, Srebrzysta Polana, Apartamenty Narutowicza, Park Chojnów II, Stocznia Residence). The Office and Retail Segment features the Babka Tower portfolio (Babka Tower, Babka Tower II Stages I & II, ONYX, Jeziorki Park). The Warehouse Segment comprises logistics parks and warehouse halls (Park Logistyczny Kutno, Park Logistyczny Załuski, Hala magazynowa Wola Pękoszewska, Hala magazynowa Chrzczonowice, Hala magazynowa Adamowice, Stocznia Rzeczna Płock). The Leisure Segment covers recreational properties in the Masurian Lakeland and Warmia (Apartamenty Żeglarskie Vęgoria, Aparthotel Węgorzewo II, Holiday Village). Additionally, the company operates a Premium Offer line featuring luxury apartments and penthouses in Warsaw and Kraków (Penthouse 157/158 Babka Tower, Penthouse Babka Tower Unit 17, Penthouse Stary Żoliborz, Penthouse Marymoncka II, Penthouse Czerniowiecka, Penthouse na Saskiej Kępie, Willa na starym Mokotowie, Penthouse Wielicka). Projects are located in Warsaw, Gdańsk, Płock, Cracow, Łódź, and the Masurian Lakeland.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Segment — Apartments and Penthouses Development and sale of multi-family residential apartments and penthouses targeting individual home buyers in major Polish urban markets; includes standard and premium units, with select projects BREEAM-certified.
• Office and Retail Segment Development, sale, and lease of office and retail real estate for corporate tenants, retailers, and commercial investors across Polish cities.
• Warehouse and Logistics Segment Development and operation of warehouse and logistics parks, including Wrocław Logistics Park near the S8 expressway, serving logistics operators, distributors, and industrial tenants.
• Leisure Segment — Masurian Properties Development and ownership of leisure, hospitality, and resort real estate in the Masurian Lakeland region, targeting hospitality operators and leisure investors.
• Premium Residential Offering High-end residential apartments and penthouses offered as a premium line within the residential segment, including BREEAM-certified units, targeting affluent individual buyers and investors.

Named customers2 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• BREEAMminorOthersBabka Tower II development is designed to meet BREEAM certification standards, an international environmental assessment method for buildings. The project aims to achieve BREEAM certification meeting highest international technical standards.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• J.W. Construction Holding: Polish real estate developer with residential and commercial projects concentrated in Warsaw and surrounding areas. Comparable as a mid-sized Polish developer operating across multiple property segments.
• Robyg: Polish residential real estate developer acquired by TAG Immobilien, with significant projects in Warsaw and Tricity. Comparable in Warsaw-focused residential development.
• Develia (formerly LC Corp): Major Polish residential and commercial real estate developer with projects across Warsaw, Wrocław, Kraków, and other cities. Direct comparable in residential development scale and geographic footprint across Poland.
• Echo Investment: One of Poland's largest developers, operating across residential, office, retail, and mixed-use segments in major Polish cities including Warsaw and Kraków. Highly comparable as a multi-segment Polish real estate developer with both sale and rental revenue streams.
• Ghelamco Poland: International real estate developer with strong Polish operations, focused on office, residential, and mixed-use projects in Warsaw. Comparable as a developer of premium office and residential product in Warsaw.
• Ronson Development: Polish residential developer with a focus on mid-market and premium apartments primarily in Warsaw and surrounding areas. Comparable as a Warsaw-focused residential developer with a similar product profile.
• Polski Holding Nieruchomości (PHN): Polish state-owned real estate company managing a diversified portfolio of office, residential, and commercial properties across Poland. Comparable as a multi-segment Polish real estate operator with rental portfolio.

Broad incumbents

• Skanska (Poland operations): International developer and construction company with significant Polish operations in office, residential, and infrastructure. Comparable as a multi-segment Polish developer but with broader international portfolio and construction capabilities.
• Budimex (Ferrovial group): One of Poland's largest construction and real estate development companies with both general contracting and development activities. Comparable in real estate development but with broader construction services and stronger balance sheet.

Emerging players

• MLP Group: Polish logistics and warehouse real estate developer with parks across Poland, focused on built-to-suit facilities for logistics and e-commerce tenants. Comparable as a Polish warehouse developer, particularly relevant to WAN's logistics park strategy.

Market position

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/wan-s-a-

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about WAN