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

Real estate

Advising YIT on acquisition of Parkur Tower business park from UBM

act BSWW (act legal Poland) was providing legal consulting services for YIT (Finnish developer listed on the stock exchange in Finland) in regard to the purchase of 100% shares in GF Ramba, a company belonging to UBM capital group (Austrian developer).

GF Ramba is the perpetual usufructuary of the land on which Parkur Tower business park is located at Kłobucka 25 in Warsaw.

YIT intends to develop over 400 (four hundred) residential apartments with accompanying infrastructure on the site.

The range of services provided by act BSWW included all aspects of the transaction – from the letter of intent, through a due diligence analysis of GF Ramba, its assets, permits and the property, negotiation and closing of agreements with the bank financing the acquisition, to negotiation and closing of the share purchase agreement and other transaction-related documents.

With respect to services pertaining the Austrian law, act BSWW was cooperating with act WMWP (act legal Austria).

act legal is an alliance made up of law firms based in Austria, Belgium, Czech Republic, France, Germany, Hungary, the Netherlands, Slovakia and Poland.

Michał Wielhorski (Managing Partner at act BSWW) acted as the team leader. He was supported by Małgorzata Wąsowska (Tax Advisor, Partner) and Mateusz Prokopiuk (Associate).

Dr Roman Hager (Partner) from act legal Austria advised as to all aspects of the Austrian law.

“We are more than happy to have been given a chance to cooperate with such a renowned partner. Parkur Residence is an absolutely unique investment project. The transaction was very complex and entailed advisory services covering the Polish and Austrian legal systems. We are proud to have been able to effectively support YIT in this project.” says Michał Wielhorski, Attorney-at-law, Managing Partner and team leader.

 

About act legal: It provides a comprehensive range of top-quality legal services, meeting the challenging expectations of companies, partnerships, sole traders and investors. With offices in continental Europe’s major markets, it combines the skills, knowledge and experience of approx. 300 professionals.

About YIT: One of Europe’s largest developers, operating in Poland since Q3 2015. The formation of the Polish branch is an element of the company’s long-term CEE growth strategy.

Other projects in this field:

act BSWW assists YIT in land lot purchase for large residential project

YIT, Finland’s leading developer which also operates in Poland, acquired a nearly 6-hecate land lot in the Warsaw district of Bemowo. The intended project (Nordic Bemowo) will feat...

Read more

act BSWW advises Santander Consumer Bank S.A. on lease agreement for new office

Santander Consumer Bank has leased over 10,000 m2 of office space in Wrocław Business Garden from Vastint Poland. The premises will serve as the company’s new registered office. ac...

Read more

act BSWW advises Rank Progress on its investment agreement with Vantage Development

The common project of the investment & development company seated in Lower Silesia and the Wrocław-based developer will be implemented on 14 hectares in Wrocław. The project is...

Read more

Opening of Nowa Stacja mall in Pruszków

On Saturday, November 10, 2018, the newly-developed Nowa Stacja mall in Pruszków opened its doors to the public. This is the first retail development of its kind in the southern pa...

Read more

Assisting Ideal Idea group company in acquisition of real property for development of office and warehousing facility

act BSWW was advising a company belonging to Ideal Idea group (one of the leading companies that construct and lease high-quality office and warehousing developments in Poland) thr...

Read more

Advising YIT on acquisition of Parkur Tower business park from UBM

act BSWW (act legal Poland) was providing legal consulting services for YIT (Finnish developer listed on the stock exchange in Finland) in regard to the purchase of 100% shares in ...

Read more