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 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 title to a land lot of 7.9 ha with a view to developing a shopping mall.

The property is located in Otwock. The transaction value is PLN 27.6m.

The law firm’s team was led by Michał Wielhorski, Managing Partner. It was also made up of Katarzyna Marzec – Partner, and Mateusz Prokopiuk – Senior Associate.
“Rank Progress runs a range of investment projects involving acquisition of land in promising locations in various towns and smaller cities for the purpose of retail developments intended for lease or sale,” says Michał Wielhorski. “This is yet another project of this kind, on which we advise our Client,” he adds.

Rank Progress is an investment and development company which has become a market leader when it comes to construction of retail spaces. It is listed on the Warsaw Stock Exchange.

27.06.2019

Share

Related news

News

ONLINE COURSE: Register of shareholders and security interests in shares

An online training course on select practical problems from the creditors’ point of view, related to the use of security interests in shares in light of the mandatory dematerialization of shares, will be held on June 30, 2020, from 9:00 a.m. to 5:00 p.m. Participants a...

News

act BSWW advises Adventum International on purchase of an office building in Wrocław

Adventum International, an investment fund operating internationally, has purchased an office building located at Plac Orląt Lwowskich in Wrocław. Covering a usable area of over 17,000 sq.m., the building (“Centrum Orląt”) is located in a city center of Wrocław, nearby...

Coronavirus alert

Amendments to public procurement law in view of draft “Anti-Crisis Shield 4.0”

A draft version of the so-called “Anti-Crisis Shield 4.0” has just reached the parliament (the “Draft Bill”). It introduces further amendments to the existing special purpose act, including ones that concern the public procurement law (“PPL”). The Draft Bill amends t...

Coronavirus alert

Anti-Crisis Shield 3.0 – suspension of court and procedural deadlines lifted

May 16, 2020 was the effective date for most provisions of the so-called “Anti-Crisis Shield 3.0.” The Act lifts the suspension of court and procedural deadlines. When will time limits start to run and how to count them? Until now, during the coronavirus epidemic, time...

Coronavirus alert

Anti-Crisis Shield 3.0 – remote hearings and closed-door sessions in civil cases

May 16, 2020 was the effective date for most provisions of the Act of May 14, 2020, amending specific acts in terms of protective actions related to the spread of SARS-CoV2 (Dz. U. / Journal of Laws of 2020, item 875), commonly referred to as “Anti-Crisis Shield 3.0.” C...

Coronavirus alert

Ministry of Justice announces simplified restructuring procedure

In response to act BSWW’s request for legislative actions, the Ministry of Justice has announced that it is working on a simplified restructuring procedure for enterprises. At the onset of the epidemic, act BSWW asked the Ministry of Justice to suspend the obligation t...

View all