Warsaw-based Celtic Property Developments has been put on the market for around €400m (£306m).

The company has a development pipeline, mainly around Warsaw, of 10m sq ft. The projected end value of the built-out portfolio is over €1.8bn (£1.4bn).

Its major projects include Lopuszanska, an office development of around 700,000 sq ft, and Ursus, a residential scheme of around 8.6m sq ft, the plans for which are on display at MIPIM.

Jones Lang LaSalle Corporate Finance is advising on the sale. Tim Edghill, director, said: ‘It is an excellent platform purchase that would be virtually impossible to assemble by individual acquisition today.’

Celtic was set up as Celtic Asset Management in 1999 by Rhys Jones and Andrew Shepherd, and has a management team of 70 Polish and British staff.