BSWW Legal & Tax advises Rank Progress on the sale of Galeria Świdnicka for EUR 26.7m

A subsidiary of Rank Progress concluded with Calioppe Investments a preliminary sale agreement regarding Galeria Świdnicka. The deal is estimated at EUR 26.7m.

BSWW Legal & Tax has represented Rank Progress at the stage of preparing and concluding the transaction.

Legal services involved, i.a., preparing, negotiating and closing the preliminary sale agreement and advice in terms of copyrights and trademarks.

The team advising Rank Progress was led by Michał Wielhorski, advocate, managing partner at BSWW Legal & Tax, with support from Mateusz Prokopiuk, Marcelina Daszkiewicz and Izabela Żmijewska.

“It is not the first project of this type handled by us for Rank Progress in 2016. We are glad that once more the leader in the construction of large-format buildings trusted us and appreciated out knowledge, experience and skills in terms of major real estate transactions,” said Michał Wielhorski.

Bartosz Miszkurka and Dariusz Zboch from Solivan represented the buyer during the negotiations and conclusion of the preliminary sale agreement.

Galeria Świdnicka is located in Świdnica in the place where an electrotechnical facility formerly stood. In terms of its design, the investment is consistent with the industrial city district where it is located. Red clinker bricks pay a tribute to Lower Silesia tradition and soft lines balance out the austerity of the project.

The investment covers a total area of 24,000 m2, floor space of 15,600 m2 and 400 parking places for customers.

Major tenants of Galeria Świdnicka include: Apart, CCC, Cropptown, Diverse, Esotiq & Henderson, House, Sinsay, Mohito, Monnari, Orsay, Reserved, Giacomo Conti, Wojas, Big Star, Empik, Intermarche, Kolporter, Media Expert, Pepco, JYSK, Rossman, ITAKA.