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67 New Articles

Kochanski & Partners has advised IB6 Fundusz Inwestycyjny Zamkniety Aktywow Niepublicznych, an investment fund managed by the Griffin Real Estate group, on the sale of a Warsaw office building to an entity belonging to the Generali group. The purchaser was reportedly supported by White & Case and Baker McKenzie.

Dentons Warsaw has advised Patrizia Immobilien AG, the Germany-based provider of real estate investments, on the sale of the Atrium International office building in Warsaw’s central business district to Strabag Real Estate. Act BSWW reportedly advised Strabag on the acquisition.

Dentons Warsaw has advised a fund managed by GLL Real Estate Partners on the acquisition of the Gatehouse Offices, the first building in the Warsaw Brewery complex, from Echo Investment. White & Case and Baker McKenzie advised Echo Investment on the sale.

Chajec, Don-Siemion & Zyto has advised biotechnology company Pharmena S.A. on the process of transferring shares to the Warsaw Stock Exchange from the NewConnect market where it has been listed since 2008.

The current state aid system in Poland provides for preferential treatment of investors who set up their business in the territory of one of the Special Economic Zones (SEZ), i.e. within a legally designated part of Polish territory. The SEZ benefits include, in particular, exemptions relative to corporate income tax for corporations or personal income tax for non-corporate entities. However, in recent years this system has failed to keep up with ever-changing socio-economic challenges. The zones have proved to be a rather inadequate instrument for sustainable development and the rules of support in Poland have become less attractive compared to those offered by foreign competitors.

Jara Drapala & Partners, working with SWS Strykowski Wachowiak, has successfully represented Mostostal Warszawa S.A., one of Poland's largest construction companies, in Poland's Court of Appeals, in a dispute against Zaklad Unieszkodliwiania Odpadow regarding a contract for the construction of a waste incineration plant in the northwestern city of Szczecin.

Linklaters has advised Patron Capital, a European private equity real estate fund, on the acquisition of the 5-star Sheraton Hotel in the center of Warsaw form Benson Elliot and Walton Street JV. Paul Hastings in London and WKB Wiercinski Kwiecinski Baehr in Warsaw advised the joint venture on the sale.

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