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Press releases

act legal Poland provided legal advice to Rank Progress S.A. in establishing a joint venture with Archicom S.A. for the purpose of a joint residential development in Wrocław

12.03.2024

Rank Progress S.A. and Archicom S.A. are investment and development companies listed on the WSE, operating dynamically on the real estate market. The companies have joined forces by entering into a joint venture agreement for – the Browarna Project in Wrocław, which consists of:

  • a three-stage project
  • construction of a residential complex of more than 45,000 sqm of usable area (800 residential units).

The assumed value of the transaction related to the acquisition of the Property by the Special Purpose Vehicle is PLN 172,500,000 net.

act legal Poland lawyers participated in the project from the very beginning, advising Rank Progress on the acquisition of the Property, up to the transaction advisory services, as well as in antitrust matters and obtaining the decision of the President of the Office of Competition and Consumer Protection authorising the transaction.

The transaction was conducted by:

  • Michał Wielhorski/ attorney-at-law, Managing Partner,
  • Mateusz Prokopiuk/ attorney-at-law, Partner,
  • Anna Sawaryn/ attorney-at-law, Senior Associate,
  • Klaudia Michalec/ attorney-at-law, Senior Associate.

Lawyers from Allen & Overy and Baker McKenzie advised Archicom S.A.

We would like to thank the Client for their trust and the Cooperating Law Firms for their coherent concept and consistent cooperation. Congratulations to Archicom S.A. on next interesting project.

Udostępnij

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