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act BSWW advises on financing and purchase of land for 6B47 group company’s new investment project

6B47 Poland acquired over 2,000 square meters of land at Grochowska Street in Warsaw, east of Wedel factory. The plan is to develop a mixed-use facility made up of a dorm, retail section and underground parking lot.

act BSWW consulted on financing granted by an investment fund, as well as on 6B47 Poland’s purchase of the property from Circle K Polska.

The transaction team was managed by Piotr Smołuch (attorney-at-law, Managing Partner). Michał Pawlak (legal counsel, Senior Associate) advised on financing, while Michał Semetkowski (attorney-at-law, Senior Associate) provided acquisition-related services.

“We are glad to have been given the opportunity to work on 6B47 Poland’s first project in the hospitality sector,” says Piotr Smołuch.

The building will have 12,000 square meters. The start of construction works is scheduled for Q1 2021, with completion slated for the second half of 2022.

“We are very happy with the acquisition of land from Circle K. This is going to be our first project in Warsaw, and we hope that it will follow the success of earlier ones, allowing us to step into the hospitality sector. The purchase was financed by the company’ own capital and funds provided by the investor,” says Mirosław Januszko, member of the management board at 6B47 Poland. “Right now we are even more intent on buying land lots or ready-made developments from entities that don’t need such assets any longer. This was also the case of Circle K. We operate in the residential and hospitality sectors (dormitories, residential projects for rent / PRS and hotels). We are also looking at the so-called small business units,” adds Mirosław Januszko.

30.04.2020

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