Act BSWW and WMWP Rechtsanwalte have advised YIT on the acquisition of Parkur Tower Business Park from UBM plc.
As a result of the acquisition, YIT — a Finnish developer listed on the stock exchange in Finland
— purchased 100% shares in GF Ramba, a company belonging to Austria's UBM capital group.
According to Act BSWW, GF Ramba is the perpetual usufructuary of the land on which Parkur Tower Business Park is located in Warsaw. YIT intends to develop over 400 residential apartments with accompanying infrastructure on the site.
The Act BSWW team was led by Managing Partner Michal Wielhorski and included Partner Malgorzata Wasowska and Associate Mateusz Prokopiuk.
The WMWP Rechtsanwalte was led by Partner Roman Hager.