act legal covers all major European business centres.
Warsaw | Amsterdam | Bratislava | Bucharest | Budapest | Frankfurt | Milan | 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

News

act BSWW legal & tax advises STRABAG Real Estate on acquisition of land with Galeria Plaza (Kraków) building from CP-Plaza sp. z o.o. (member of Peakside Group)

The law firm represented the buyer in the acquisition of the 80,000 sqm property that comes with an appealing location and convenient transport links to the city center. act BSWW legal & tax provided comprehensive pre-transactional (including a legal and tax due ...

News

Get the RET right. The tax side of real estate | December 2021

The tax side of real estate. Periodic newsletter for the Real Estate sector. The basic designation of land in the Local Spatial Development Plan is decisive for determining the nature of the land as a building area - such conclusions arise from the judgment of the Supr...

News

act BSWW legal & tax advises Uno Capital on joint venture real estate project

act BSWW legal & tax advised Uno Capital in a transaction involving the establishment of a joint venture entity and the transfer of a real estate title to it with a view to implementing a prestigious residential project in a resort town in the south of Poland. Th...

News

act BSWW legal & tax advises STRABAG Real Estate on sale of real estate in Łódź

Due to its rapid growth and a range of large new projects, STRABAG Real Estate is selling selected smaller assets. One of such transactions is the sale of an investment property in Łódź. The law firm provided transactional advice throughout the sale process. “STRA...

News

Excessive requirements for members of supervisory boards at joint-stock companies

The basic obligation of the supervisory board is to oversee the activities of the management board, so that it acts in compliance with applicable laws, good practices and the company’s best interest. Based on the draft bill amending the Code of Commercial Companies, the...

News

act BSWW legal & tax advises AmeriGas on lease agreement with HB Reavis Poland

The act BSWW legal & tax real estate team provided comprehensive legal advice in negotiations of a lease agreement with HB Reavis Poland, concerning office premises in the Forest office complex at Burakowska 14, in the post-industrial part of Warsaw. Forest has ...

View all