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 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 factory.

The multi-stage project will see the development of residential, commercial and urban spaces. The investment area covers 7.7 hectares. The mixed-use project will offer approx. 90,000 m2, seamlessly blending different types of spaces into one development. This is going to be a new landmark in Łódź.

“Echo Investment’s strategy focuses on the so-called ‘destinations,’ i.e. locations that help cities grow, where people can work, live and spend their free time. While creating them, we make sure to respect their history. The investment project at Tymienieckiego street in Łódź is going to be one of them. It will cover nearly eight hectares on the site of the former Scheibler factory, with the historical power plant situated in its heart,” says Nicklas Lindberg.

The project will be made up of 20 buildings serving different functions, 14 of which are tastefully restored historical buildings. The historical building of the former power plant will be the beating heart of this area. The project also includes urban squares, common areas and green zones, with a total area of almost 4 ha.

act BSWW was advising Echo Investment on the acquisition of Elektrownia RE sp. z o.o., the company that owned the investment property. The scope of legal consulting services covered all stages of the transaction: legal and tax due diligence audit of the company and the property, followed by support in negotiations of transaction-related documents (incl. the share purchase agreement).

The law firm’s team was made up of Michał Wielhorski (team leader, Managing Partner at act BSWW), Katarzyna Marzec (Partner) and Mateusz Prokopiuk (Senior Associate).

“We are glad to advise on real estate projects that involve urban renewal. Thanks to them, historical sections of cities regain their former glory, turning into unique and bustling venues,” says Michał Wielhorski.

17.07.2019

Share

Related news

News

Fujitsu Poland Global Delivery Centre in Łódź to change its location and go for Fuzja

The Fujitsu Poland Global Delivery Centre team in Łódź seems to be at a watershed moment. So far, the centre has been operating in two locations in Łódź, providing a wide range of IT services to clients from all over the globe. Now, it has decided to consolidate its off...

News

act BSWW has advised a company controlled by Mariusz Książek on a joint venture project with DeA Capital group

act BSWW has advised MK Holding Sarl, a company controlled by Mariusz Książek, on a joint venture project carried out with a company belonging to DeA Capital group, an Italian based, world-wide investment group focusing on real estate and equity investments. The projec...

News

act BSWW advises Adventum International on purchase of Katowice Business Point

Adventum International, an investment fund operating internationally, has purchased Katowice Business Point. Covering a usable area of over 17,500 sq.m., the building is located in a fast-growing district of Katowice. It is the third project launched by the investment f...

Legal alert

Significant changes for public limited companies and partnerships limited by shares in 2020

A commercial companies and partnerships code amendment, providing for dematerialization of shares, is to take effect on 1 January 2021. From the beginning of 2021, entries in shareholders registers, kept by entities which are authorized to maintain securities accounts ...

News

act BSWW reinforces its public procurement practice

act BSWW has been successfully providing legal services in the field of public procurement for almost 20 years and continues to focus on growing the practice. The law firm’s team was joined by Sebastian Pietrzyk (attorney-at-law) as a Partner. Together with Marcelina Da...

News

act BSWW advises BUMA Group on office project in Kraków

Buma Group, a developer based in Kraków, has launched the third and final stage of the Wadowicka 3 project. Building C is the last element of the office complex to be completed. It is an 8-storey class A building with a leasable area of 10,400 sq.m, constructed on the b...

View all