act legal covers all major European business centres.
Warsaw | Amsterdam | Bratislava | Brussels | Budapest | Frankfurt | Madrid | Paris | Prague | Vienna
meet us at www.actlegal.com

x

News

act BSWW advises Rank Progress on second stage of Port Popowice project

act BSWW has consulted on Rank Progress’ sale of over 8 hectares of investment land worth more than PLN 75m net.

On May 09, 2019, Rank Progress S.A. entered into another amending annex to the investment agreement with Vantage Development S.A., aimed at defining the rules and stages of a joint investment project involving a residential estate with complementary retail and office functions, i.e. Port Popowice in Wrocław. The document specifies the principles of joint venture’s acquisition of perpetual usufruct to land and partners’ additional financial contributions.

Additionally, act BSWW was supporting Rank Progress S.A. with respect to return assignment of the investment land by BOŚ S.A.

Michał Wielhorski, Managing Partner, acted as the team leader. The team was made up of Mateusz Prokopiuk, Senior Associate, and Małgorzata Wąsowska, Partner and Head of Tax.

“We have been advising Rank Progress from the very start of its joint venture with Vantage Development, covering the highly ambitious and unique project of Port Popowice,” says Michał Wielhorski.

Port Popowice combines a former inland port with sophisticated architecture, contemporary design and functional spaces. The project, whose implementation is going to take roughly 10 years, involves development of approx. 2,500 apartments, modern office areas (14,500 m2) and commercial premises (17,000 m2). The renewed dock is going to be the heart of the whole project.

More about the project.

13.05.2019

Share

Related news

Legal alert

New obligations of partnerships and companies: Central Register of Beneficial Owners

The Central Register of Beneficial Owners (hereinafter referred to as the “Register”) is supposed to be implemented in Poland on October 13, 2019. This is related to the Anti-Money Laundering and Counter-Terrorism Financing Act, which came into effect as of July 13, 201...

News

act BSWW advised Echo Investment on its Łódź-based project

Echo Investment, Poland’s leading developer, has laid the cornerstone for Fuzja, a section of Łódź that will combine modern urban features with the historical spirit of Księży Młyn (a complex of textile factories). The company has started restoring the former Scheibler ...

News

Practitioners’ Guide for M&A in Europe

A practical guide for international investors, managers and lawyers in English about the most important topics in cross-border transactions for the most relevant economies in continental Europe. The guide, written by experienced act legal M&A lawyers, offers short ...

News

act BSWW advises Adventum on acquisition of Poznań Financial Centre

Adventum, a real estate investment fund operating internationally, has acquired Poznań Financial Centre (PFC), marking the first investment the fund has made in Poland. act BSWW was advising Adventum throughout the transaction involving the acquisition of shares in PFC...

News

act BSWW advises Rank Progress on land acquisition for new investment project

act BSWW has consulted on Rank Progress’ purchase of nearly 8 hectares of investment land worth over PLN 27m net. On June 26, 2019, Progress XVIII sp. z o.o. – S.K.A., a subsidiary of Rank Progress S.A., entered into a preliminary agreement for acquisition of ownership...

Legal alert

Amendments to Agricultural System Act

On 9 May 2019, the upper house of the Polish parliament (the Senate) adopted, without revisions, the Act of 26 April 2019 on Amendments to the Agricultural System Act and Selected Other Acts (the “Amendment”). The Amendment was subsequently signed by the Polish Presiden...

View all