18
Tue, Feb
50 New Articles

Act Legal Advises Rank Progress on Acquisition of Eight Hectares in Poland

Act Legal Advises Rank Progress on Acquisition of Eight Hectares in Poland

Poland
Typography

BSWW Act Legal Poland has advised Progress XVIII sp. z o.o.-S.K.A., a subsidiary of Rank Progress S.A., on its PLN 27 million acquisition of nearly eight hectares of land in Otwock, a town in central Poland for the development of a shopping mall.

The agreement was signed on June 26, 2019.

Rank Progress is an investment and development company that is listed on the Warsaw Stock Exchange. The company runs a range of investment projects involving acquisition of lands in various towns and smaller cities for retail developments intended for lease or sale.

Earlier this year, BSWW advised Rank Progress on its sale of eight hectares of land worth more than PLN 75 million to Vantage Development S.A. (as reported by CEE Legal Matters on May 29, 2019).

The BSWW team was led by Managing Partner Michal Wielhorski, supported by Partner Katarzyna Marzec and Senior Associate Mateusz Prokopiuk.

BSWW did not reply to our inquiries about the deal

Poland Knowledge Partner

Penteris is a law firm combining in-depth expertise, robust advice, and a pan-regional reach.

We provide full-service business law advice within five sector lines: Energy & natural resources, Financial institutions, Private equity, Real estate, and Retail.

On the market since 2001, we were originally part of a Scandinavian law firm and then a founding office of a pan-Baltic organisation.

Our attorneys will work closely with you, providing you with the hard skills, service-minded know-how, and legal expertise that will keep you secure while you lead the market.

Our skills are at your disposal:

  • Expertise and passion wrapped up in a personal service
  • Close-knit team providing a multidisciplinary approach
  • Ability to listen, understand, and deliver for the tangible benefit of the client.

The team continues to be internationally recognised year on year, most recently by Chambers Global 2019, Chambers Europe 2019, and The Legal 500 EMEA 2019.

Firm's website: https://penteris.com

Our Latest Issue