Get the RET right. The tax side of real estate | June 2022
Ministry of Finance suggests more changes to income taxes. Following prior announcements, the draft Act of June 27, 2022 Amending the Corporate Income Tax Act and Selected Other Acts has been published recently. It covers the following:
- Postponement (until the end ...
Get the RET right – the tax side of real estate | April - May 2022
On May 12, 2022, the Minister of Health issued a regulation calling off the state of epidemic in Poland, effective as of May 16, 2022. As a result, the exemption from tax on income from buildings ceases to apply as of May 31, 2022 (pursuant to article 38ha of the CIT Ac...
act BSWW legal & tax advises STRABAG Real Estate on sale of real estate in Szczecin
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 purp...
act BSWW legal & tax recommended in The Legal 500 EMEA 2022
We are pleased to announce that in the latest edition of The Legal 500 ranking act BSWW legal & tax was distinguished in 7 categories:
Commercial, Corporate and M&...
act BSWW legal & tax advises SATOIA S.A. on purchase and subsequent sale of real estate in Kąty Wrocławskie.
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...
Get the RET right. The tax side of real estate.
Periodic newsletter for the Real Estate sector
It is possible to categorize uncollectible receivables from any type of guarantee issued by a bank (rather than exclusively from loans) as tax-deductible expenses, according to the ruling issued on March 09, 2022 by the Su...
act BSWW legal & tax advises Adventum on acquisition of Sky Tower for over EUR 84 m
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,...
act BSWW legal & tax advised Sices Polska on the sale of real estate in Kielce
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 prov...
act BSWW legal & tax advises STRABAG Real Estate on acquisition of land with Galeria Plaza (Kraków) building from CP-Plaza sp. z o.o.
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 ...
act BSWW legal & tax advises AmeriGas on lease agreement with HB Reavis Poland
The act BSWW legal & tax real estate team provided comprehensive legal advice in negotiations of a lease agreement with HB Reavis Poland, concerning office premises in the Forest office complex at Burakowska 14, in the post-industrial part of Warsaw.
Forest has ...
act BSWW legal & tax advises on financing and management buyout of leading provider of facility management services
The team advised FM Solutions SPV sp. z o.o. on the acquisition of shares in FM Solutions sp. z o.o. from Giovanni FIZ.
act BSWW legal & tax advised the buyer throughout the process related to the acquisition of shares (management buyout). The advisory services c...
act BSWW legal & tax advises Adventum on acquisition of Mercedes-Benz building
Adventum Group, an investment fund manager operating internationally, has acquired the Mercedes-Benz building in Warsaw.
act BSWW legal & tax provided Adventum with comprehensive legal assistance related to the transaction. The services rendered by the law firm inc...
act BSWW legal & tax advises Adventum on EUR 84m acquisition of Sky Tower
Adventum Group, an investment fund manager operating internationally, is at the final stage of the EUR 84.42 million acquisition of Sky Tower, a landmark development in Wrocław, one of Poland’s biggest and highest mixed-use projects.
Develia S.A. (the seller) and Adven...
Michał Wielhorski – Managing Partner at act BSWW legal & tax – has been recommended as Notable practitioner by IFLR1000.
For nearly 20 years Michał has been advising on all types of real estate projects, including financing of real estate investments.
act BSWW advises on sale of two retail parks
act BSWW legal & tax has acted on behalf of Rank Progress in relation to the sale of Miejsce Piastowe retail park and the preliminary sale agreement for Pasaż Wiślany retail park in Grudziądz.
On July 29, 2021, Progress XXXVII sp. z o.o. (subsidiary of Rank Progres...
act BSWW legal & tax advises STRABAG Real Estate on sale of real property in Warsaw
Due to its dynamic growth and a number of new investments focusing on large development projects, STRABAG Real Estate is currently selling selected minor real estate assets. One of such transactions is the sale of real estate on Canaletta Street in Warsaw Downtown to th...
act BSWW legal & tax advises on prestigious project in premium hospitality sector
act BSWW legal & tax has comprehensively advised on a complex investment process involving the luxury 5-star Baltic Wave hotel in Kołobrzeg.
The team consulted MA Investment sp. z o.o. on the acquisition of 100% shares in Baltic Wave sp. z o.o., the company conduct...
act BSWW reinforces its real estate practice
The law firm’s team was joined by Robert Woźniak (attorney-at-law). Robert specializes in real estate law, with a strong emphasis on lease agreements for office space and commercial premises in shopping centers, as well as in real estate transactions.
He has participat...
act BSWW legal & tax advises Adventum on refinancing of an office building in Poznań
Adventum, an investment fund operating internationally, has successfully closed the refinancing of Poznań Financial Centre. The new financing has been secured by Berlin Hyp AG.
act BSWW legal & tax advised Adventum throughout the whole refinancing process. The serv...
act BSWW legal & tax advises Globalworth on lease negotiations for retail space in Renoma in Wrocław
The rapidly growing producer and seller of eco-friendly groceries, especially pickled foods, fermented beverages and other plant-based products, operating the “Zakwasownia” brand, has expanded its store in Renoma.
act BSWW legal & tax was advising the lessor, Globa...
How R U CEE? All you need to know about real estate in CEE
How did the first months of the pandemic affect developers’ timelines, investment plans and tenants’ expectations in four largest CEE countries? Were the investors operating in Poland, the Czech Republic, Hungary and Romania rattled or shattered by the first two waves o...
Media opt for V.Offices
A new tenant is about to move into V.Offices in mid-2021. Ringier Axel Springer Polska (RASP) has leased over 4,300 sqm in the building owned by AFI Europe. During the negotiations, the lessor was represented by Knight Frank and act BSWW legal & tax, while CBRE was ...
act BSWW legal & tax ranked in The Legal 500 EMEA 2021
We are delighted to announce that we have received recognition from The Legal 500 EMEA 2021 in seven categories and numerous individual recommendations for our practitioners.
Recommendations for the law firm:
– real estate
– capital markets
– commercial, corporate a...
act BSWW legal & tax ranked in Chambers Europe 2021
We are delighted to announce that we have received recognition from Chambers Europe for our real estate practice and individual recommendations for our practitioners.
Recommendation for the law firm:
– Real Estate – Band 4
– Piotr Smołuch (Cap...
act BSWW in transaction comprising sale of 11 A-class office properties
act BSWW advised management boards of disposed companies on the sale of completed and under-construction office buildings owned by Buma development company to fund managed by Partners Group, the global private markets investment manager.
The transaction comprised the s...
Has the pandemic changed office leases?
Not until long ago we seemed to be living on what was referred to as a “green island.” The economic boom might have seemed unstoppable. Companies kept growing, recruiting and expanding their office premises. Developers were reacting accordingly by building, constructing...
act BSWW advises Globalworth on lease agreement with Allegro
Allegro has leased nearly 2,100 sq.m. in Lubicz Business Center in Kraków, a complex owned by Globalworth. The new office, which will be accommodated primarily by engineers who take care of the platform’s technological growth, will be ready at the start of next year.
act BSWW advises Rank Progress on further land acquisition for new investment projects
act BSWW has consulted on Rank Progress’ purchase of nearly 6.83 hectares of land worth almost PLN 24m net.
On November 19, 2020, Rank Progress Spółka Akcyjna Otwock spółka komandytowa (a subsidiary of Rank Progress S.A.) and Rank Progress S.A. entered into two final a...
act BSWW advises on refinancing of office complex in Kraków
A Portuguese investor completed the refinancing transaction for the Porto Office complex developed in 2019. It is made up of two A-class office buildings.
act BSWW advised the investor on refinancing of this investment project.
The law firm’s team was led by Michał ...
act BSWW assists Adventum in purchase of Renaissance Plaza
Adventum International, a global property investment fund, has acquired Renaissance Plaza. The office building is located right next to Wola – the fastest-growing quarter of Warsaw. This is the fund’s second investment in Poland within just four months, following the Ju...