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Category: Press releases

act BSWW legal & tax advises a company controlled by Adventum Group on acquisition of the Wola Retro office building in Warsaw, for almost EUR 70 million

Posted on by Barbara Leleno

The act BSWW team provided comprehensive advice on both: financing and acquisition of the Wola Retro office building in Warsaw.

Financing part of the deal was led by Marta Kosiedowska (Partner) with support of Mariusz Grochowski (Senior Associate).

Transaction itself was led by Marta Kosiedowska (Partner) and Marek Wojnar (Managing Partner) with support of Aleksandra Krzemień (Associate) while Michał Sołtyszewski (Partner) was leading DD team.

The office building has been acquired at a net purchase price of ca. EUR 69.3 million net of VAT. This transaction underscores the company’s commitment to strategic investments that drive growth and enhance profitability, positioning it for continued success in the dynamic real estate market.

Wola Retro is an office building, completed in 2019, located in Warsaw’s Wola district, which was constructed as a result of the adaptation of a pre-war building in cooperation with the conservation officer. The complex offers a total of 25,900 sqm of office space.

“Congratulations to Adventum on the completion of this transaction, which is truly impressive considering its complex nature. We are happy to have assisted our Client in yet another significant asset acquisition in Poland (after successful purchase of a number of well known buildings including recently Sky Tower in Wrocław) and its financing and we are looking forward to working together on future projects”-  said Marta Kosiedowska – Partner in act BSWW.

“We’re very pleased to support our longstanding client Adventum on this complicated deal, delivered quickly and efficiently. Acting for great clients like Adventum on such transactions is core to our strategy.” – said Marek Wojnar – Managing Partner of act BSWW.

Andras Marton, commented “The act BSWW team did an outstanding job for us. Thanks to their exceptional skills and unwavering commitment to excellence, the act BSWW team was able to successfully deliver high-quality results, even within the constraints of a tight timeline. Their technical expertise and professionalism were critical in achieving the set goals.”

The seller was advised by the law firms Dentons and GWW.

Adventum Group is a boutique investment fund management company focused on Central European real estate investment projects.

The group has thus far completed projects with a total value of over EUR 1.5bn in the CEE region.

The real estate team at act BSWW legal & tax is one of the biggest among Polish law firms. Our practitioners advise on all types of real estate projects, with a strong focus on large development, retail and office projects. They act for a wide range of international, domestic and regional clients, including developers, property owners, asset managers, investors, lessors and lessees.

Jacek Bieniak among the authors of the 8th edition of the commentary to the Commercial Companies Code

Posted on by adminTS

The 8th edition of the commentary to the Commercial Companies Code, published by Wydawnictwo C.H.Beck was released to Polish bookstores at the beginning of April. The new edition takes into account the latest amendments to the Code of Commercial Companies, including changes regarding the Act on Public Offering or the conditions regulating the introduction of financial instruments to the organized trading.

Additionally, the commentary presents an overview of all articles regulating a new type of capital company – simplified joint-stock company (P.S.A.).

Jacek Bieniak, managing partner at act BSWW legal & tax, and one of the authors, explained the regulations concerning rights and liabilities of shareholders.

Marek Miszkiel promoted to head the Litigation and Arbitration practice

Posted on by adminTS

Huge congratulations to Marek Miszkiel on becoming the new Head of Litigation and Arbitration at act BSWW legal & tax!

Marek joined act BSWW legal & tax legal & tax in 2014. He specializes in commercial disputes and bankruptcy and restructuring proceedings. A certified restructuring advisor. He is also involved in construction disputes, representing clients that operate in the residential, retail and infrastructural sectors.

Marek’s knowledge and experience have been recognized by The Legal 500 EMEA; this year, he is recommended yet again in Dispute Resolution.

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

Posted on by adminTS

In line with its current investment strategy focusing on large development projects located in Warsaw and Kraków, STRABAG Real Estate is selling selected smaller real estate assets in Poland. One of such properties is a land lot in Szczecin, intended for investment purposes.

The law firm guided the client throughout the sale of an investment property in Szczecin, while at the same time providing tax advisory services.

The project team was led by Marek Wojnar, Managing Partner, and Marta Kosiedowska, Partner, supported by Aleksandra Krzemień, Associate. Małgorzata Wąsowska, Partner and Head of Tax, was responsible for the tax side of the transaction.

STRABAG Real Estate is one of the leading developers, operating in 13 European countries. In Poland, the company has constructed and delivered a number of buildings, including the Astoria office project in Warsaw and a hotel for the Motel One operator. With a view to further developing its portfolio, in 2019 the developer bought a downtown Warsaw land lot with the Atrium International office building, followed by the January 2022 acquisition of the land with the Galeria Plaza mall in Kraków. Both buildings are to be demolished and replaced with modern mixed-use developments.

The real estate team at act BSWW legal & tax is one of the biggest among Polish law firms. Our practitioners advise on all types of real estate projects, with a strong focus on large development, retail and office projects. They act for a wide range of international, domestic and regional clients, including developers, property owners, asset managers, investors, lessors and lessees.

act BSWW legal & tax recommended in The Legal 500 EMEA 2022

Posted on by adminTS

We are pleased to announce that in the latest edition of The Legal 500 ranking act BSWW legal & tax was distinguished in 7 categories:

  • Construction
  • Capital Markets
  • Real Estate
  • White-Collar Crime
  • Dispute Resolution
  • Commercial, Corporate and M&A
  • Banking & Finance

Furthermore, among the recommended lawyers in this year’s edition are: Marek Wojnar, Michał Wielhorski, Jacek Bieniak, Piotr Smołuch, Piotr Wojnar, Marta Kosiedowska, Katarzyna Marzec, Magdalena Banaszczyk-Głowacka, Michał Sołtyszewski, Janusz Szeliński, Sebastian Sury, Alicja Sołtyszewska, Mateusz Prokopiuk, Piotr Pośnik, Marek Miszkiel, Giuseppe La Rosa, Dominika Michalska oraz Piotr Giżyński.

act BSWW legal & tax advises SATOIA S.A. on purchase and subsequent sale of real estate in Kąty Wrocławskie.

Posted on by adminTS

act BSWW legal & tax advised its client on the purchase and subsequent sale of real estate intended for a warehousing and logistics facility in Kąty Wrocławskie, with a total area of over 8 ha.

Our team assisted the client throughout the process of purchasing and then selling the newly-acquired property to 7R Projekt 60 sp. z o.o. The scope of the law firm’s services included the preparation of transactional documentation, supporting the client with ongoing business issues, as well as negotiations and execution of the sale agreements.

The project team was made up of Marek Wojnar (Managing Partner) and Aleksandra Krzemień (Associate).

The real estate team at act BSWW legal & tax is one of the biggest among Polish law firms. Our practitioners advise on all types of real estate projects, with a strong focus on large development, retail and office projects. They act for a wide range of international, domestic and regional clients, including developers, property owners, asset managers, investors, lessors and lessees.

act BSWW legal & tax advises Adventum on acquisition of Sky Tower for over EUR 84 m

Posted on by adminTS

act BSWW legal & tax represented the buyer in the acquisition of an office, retail and residential complex in Wrocław, with a total area of over 171,000 sqm, from Sky Tower S.A., member of Develia Group.

Our services included a full range of transaction advisory, including due diligence, preparation of transactional documentation and support during negotiations. The law firm also guided the client throughout the financing acquisition process.

The project team was led by Marta Kosiedowska (Partner) and Marek Wojnar (Managing Partner), supported by Katarzyna Marzec (Partner).

As regards the acquisition of financing, the client was advised by Marta Kosiedowska (Partner), supported by Mariusz Grochowski (Senior Associate).

This is yet another property acquired by Adventum over the recent time, and we are more than glad to be able to assist the client at each subsequent stage of its growth. In October, we had the opportunity to advise Adventum on the acquisition of the Mercedes-Benz building in Warsaw, said Marek Wojnar.

Adventum is definitely growth-oriented, as can be seen from their recent acquisitions. Sky Tower boasts a huge potential and perfectly fits into our client’s development strategy. – noted Marta Kosiedowska.

Adventum Group is a boutique investment fund management company focused on Central European real estate investment projects. The group has thus far completed projects with a total value of over EUR 1.5bn in the CEE region.

Sky Tower is one of Poland’s highest developments (212 meters and 50 floors). Apart from over 30,500 m² of leasable office space, the project covers commercial space (25,000 m²), luxury apartments, comprehensive leisure facilities, and a multi-level underground car park.

The seller and the financing banks were advised by Dentons.

The real estate team at act BSWW legal & tax is one of the biggest among Polish law firms. Our practitioners advise on all types of real estate projects, with a strong focus on large development, retail and office projects. They act for a wide range of international, domestic and regional clients, including developers, property owners, asset managers, investors, lessors and lessees.

act BSWW legal & tax advised Sices Polska on the sale of real estate in Kielce

Posted on by adminTS

act BSWW legal & tax advised on the sale of a real estate at Olszewskiego 6 in Kielce to an Italian company, CEAR S.R.L.

The transaction covers a property with manufacturing facilities and a total area of almost 6 hectares.

The law firm’s real estate team provided comprehensive advisory services to the seller throughout the transaction, i.e. from negotiations of the transactional documentation (sales agreement and accompanying documents), to closing.

The project was handled by Jacek Bieniak (Managing Partner) and Aleksandra Krzemień (Associate).

Sices Polska is a member of Sices Group, operating in the Polish market since 2003. The company specializes in the production and assembly of pressure vessels (reactors, separators, columns) and heat exchangers, as well as the prefabrication of pipelines for the following sectors: Oil & Gas, Chemical & Petrochemical, Energy & Power, Environmental & Recovery.

CEAR S.R.L. is an Italian company operating in the industrial automation and electrical distribution sector providing comprehensive services in the design, construction, installation and commissioning of power and control panels, and complete industrial automation systems.

The real estate team at act BSWW legal & tax is one of the biggest among Polish law firms. Our practitioners advise on all types of real estate projects, with a strong focus on large development, retail and office projects. They act for a wide range of international, domestic and regional clients, including developers, property owners, asset managers, investors, lessors and lessees.

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

Posted on by adminTS

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 diligence audit of the property) and transactional assistance (with a strong focus on relations with neighbours and lessees of the shopping mall). We also advised on tax issues, including the preparation of applications for advance tax rulings related to the transaction. The developer’s plans involve the discontinuation and demolition of the existing shopping center, followed by the construction of a mixed-use complex made up of several buildings.

The transaction team was led by Marek Wojnar (Managing Partner) and Marta Kosiedowska (Partner). Further assistance was provided by Michał Sołtyszewski (Partner), responsible for the legal due diligence process. Małgorzata Wąsowska (Partner) and Jakub Świetlicki vel Węgorek (Senior Associate) provided tax advisory services.
“We are glad to be witnessing our client’s steady growth. The land lot on which Galeria Plaza is located offers a huge potential, which is yet another reason to be proud of the opportunity to represent STRABAG Real Estate in this transaction,” says Marek Wojnar.

The seller, Peakside Capital, was represented by Dentons’ real estate team.

Peakside Capital is an independent investor and manager of real estate projects and investment funds. The company operates predominantly in Central and Eastern Europe and Germany, holding offices in Warsaw, Prague, Frankfurt, Zug (Switzerland) and Luxembourg.

STRABAG Real Estate is a leading developer, operating in 13 European countries. Its Polish projects include the development of Astoria office building and a hotel for Motel One (both based in Warsaw). With a view to further developing its portfolio, in 2019, the developer bought land that hosts Atrium International office building in downtown Warsaw. By completing the acquisition of land in Dąbie (part of Kraków), the company has embarked on its expansion into regional markets.

The real estate team at act BSWW legal & tax is one of the biggest among Polish law firms. Our practitioners advise on all types of real estate projects, with a strong focus on large development, retail and office projects. They act for a wide range of international, domestic and regional clients, including developers, property owners, asset managers, investors, lessors and lessees.

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

Posted on by adminTS

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.

The law firm supported the client throughout the process of setting up the new JV entity with a local partner, and transferring the title to the property intended for the development project.

The project team was led by Marek Wojnar (Managing Partner), and included Magdalena Banaszczyk-Głowacka (Partner) and Edyta Maciążek (Senior Associate).

Uno Capital is a fund established in 2010, investing predominantly in companies from the FMCG sector, new technologies and medical services.

act BSWW legal & tax advises leading Polish and foreign corporations and investment companies on commercial law and capital transactions. As a co-founder of act legal, an alliance of leading independent law firms, it participates in cross-border projects led by international groups of experts advising on commercial and corporate matters.