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The common project of the investment & development company seated in Lower Silesia and the Wrocław-based developer will be implemented in Wrocław and named “Port Popowice”. The project is going to be split into two stages which will see the development of 2,400 apartments and additional space for office purposes.
act BSWW was advising Rank Progress S.A. on the amendment to the investment agreement with Vantage Development S.A., aimed at defining the rules and stages of a joint investment project involving a residential estate with complementary retail and office functions.
The scope of consulting services included preparations and negotiations of the amendment’s provisions, as well as alterations to the investment agreement and other documents required for the transaction.
“The amending annex prepared by act BSWW introduces changes on the basis of which the deadline for Vantage Development S.A.’s statement of intent to implement the second part of the investment project was extended. Additionally, the shareholding structure in the company’s share capital is going to undergo some modifications. Execution of this amendment marks another step in the Port Popowice construction process,” says Michał Wielhorski, managing partner and team leader.
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