act BSWW has consulted on Rank Progress’ sale of over 8 hectares of investment land worth more than PLN 75m net.
On May 09, 2019, Rank Progress S.A. entered into another amending annex 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, i.e. Port Popowice in Wrocław. The document specifies the principles of joint venture’s acquisition of perpetual usufruct to land and partners’ additional financial contributions.
Additionally, act BSWW was supporting Rank Progress S.A. with respect to return assignment of the investment land by BOŚ S.A.