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Sebastian Pietrzyk, Attorney-at-law, Partner and Co-Head of Public Procurement Practice, will speak about the traps for the IT industry associated with the new Public Procurement Law.
The event’s program is available here.
The conference is organized by Technopark Pomerania [Szczeciński Park Naukowo-Technologiczny]. act BSWW legal & tax is a partner of the event.
Develia S.A. (the seller) and Adventum Group (the buyer) have entered into the preliminary sale agreement, with the final agreement slated to be signed until the end of 2021.
act BSWW legal & tax has provided Adventum with comprehensive legal assistance with respect to the preliminary agreement, and will continue to do so until the project’s completion. The services rendered by the law firm included due diligence of the property, drafting transaction-related documents, and negotiation support.
The project team was led by Marta Kosiedowska (Partner) and Marek Wojnar (Managing Partner co-heading the law firm’s real estate practice). The due diligence audit was prepared under the supervision of Katarzyna Marzec (Partner). The transactional team was supported by Anna Sawaryn (Senior Associate).
“The rapid expansion of Adventum’s portfolio in Poland is very impressive. We are proud to have earned the trust of one of the fastest-developing funds on the Polish market,” says Marta Kosiedowska, Partner at act BSWW legal & tax.
“Adventum’s portfolio is growing to above 125,000 m² of office space with this transaction. Sky Tower expands Adventum’s retail presence in Poland. We are delighted to support this Client yet again in such prestigious acquisition,” adds Marek Wojnar, Managing Partner at act BSWW legal & tax.
Sky Tower is one of the highest office, commercial and residential complexes in Poland (212 metres and 50 floors). Apart from over 30,500 m² of leasable office space, the project covers commercial space (25,000 m²), luxury apartments, comprehensive leisure facilities, and a multi-level underground car park. The total area of the building is approx. 171,000 m².
Adventum Group is a group of boutique investment fund management companies focused on Central European real estate investments. The Group’s personnel includes highly experienced real estate professionals with CFA, NRW and MRICS qualifications, with a combined investment experience of 70+ years. The group has so far executed investments in the CEE region with a total value of over EUR 1.5bn.
The seller was represented by Dentons.
act BSWW advised Adventum throughout the whole purchase process. The services provided by the law firm included due diligence of the property, drafting transaction-related documents, negotiation support and transaction-related advice.
The project team was led by Marta Kosiedowska (Partner) and Marek Wojnar (Managing Partner co-heading the real estate practice of the law firm). Due diligence audit was prepared under the direction of Magdalena Banaszczyk-Głowacka (Partner). The transitional team was supported by Anna Olmińska-Kieżun (Associate).
– It is the fifth real property acquired by the fund in Poland over the last two years; Adventum International has already purchased Poznań Financial Centre (Poznań), Renaissance Plaza (Warsaw), Katowice Business Point (Katowice) and Centrum Orląt (Wrocław) – says Marta Kosiedowska, Partner at act BSWW legal & tax.
– We are delighted with the trust of our Client. We had the opportunity to assist Adventum on all those projects and we continue to advise the fund on its further ventures in Poland – says Marek Wojnar, Managing Partner at act BSWW legal & tax.
Marynarska Point 1 is a A-class office building offering 13,000 sqm. leasable area across 11 storeys.
Adventum Group is a group of boutique investment fund management companies focused on Central European real estate investments. The Group’s personnel includes highly experienced real estate professionals with CFA, NRW and MRICS qualifications, with a combined investment experience of 70+ years. The management has so far executed investments in the CEE region with a total value of over EUR 1.5bn.
The seller was represented by Dentons.
For nearly 20 years Michał has been advising on all types of real estate projects, including financing of real estate investments.
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Łukasz has over five years of experience in capital markets transactions, with a strong focus on tender offers, acquisitions of significant blocks of shares, delisting and IPOs/SPOs.
He also advises companies listed on the main market of the Warsaw Stock Exchange and New Connect on ongoing corporate issues, including fulfillment of disclosure obligations, communication with shareholders and supervisory authorities, conduct of general meetings and implementation of incentive schemes.
He is an author of numerous publications on the capital market and commercial law, as well as a co-author of the comments the Anti-Money Laundering and Counter-Terrorism Financing Act.
Since 2020, he has been a member of the Supervisory Board of a brokerage house, Ceres Dom Inwestycyjny S.A.
Before joining the team of act BSWW legal & tax, he worked for leading Polish law firms.
“We are delighted that Łukasz has joined our team. I am convinced that his transactional experience will translate into further growth of our practice,” says Piotr Wojnar, Managing Partner, Co-Head of Capital Markets Practice at act BSWW legal & tax.
On July 29, 2021, Progress XXXVII sp. z o.o. (subsidiary of Rank Progress S.A.) entered into an agreement for the sale of 2.4963 ha of developed land in Miejsce Piastowe (near Krosno), together with a 4,752.67 m2 GLA retail park and additional developments.
On August 5, 2021, Progress XXXVI sp. z o.o. (subsidiary of Rank Progress S.A.) entered into a preliminary agreement for the sale of 1.8299 ha of developed land, together with Pasaż Wiślany retail park whose GLA is 5,188.64 m2. As long as all conditions precedent are fulfilled, the final agreement will be signed until October 28, 2021.
The law firm assisted the client at all stages of the sale of the property in Miejsce Piastowe, and with the preliminary sale agreement for the property in Grudziądz.
The project was managed by Mateusz Prokopiuk, Partner at act BSWW legal & tax. Aneta Gierzyńska, Senior Associate, was also advising on the transactions. The team was overseen by Michał Wielhorski, Managing Partner.
“These are just two out of a large number of ambitious projects on which we are advising Rank Progress,” says Michał Wielhorski.
Rank Progress is an investment and development company, listed on the Warsaw Stock Exchange.
The scope of services provided by act BSWW legal & tax included comprehensive transactional and tax advice. Previously, the law firm advised the Client on the acquisition of the property.
The project was managed by Marek Wojnar, Co-Head of Real Estate, Managing Partner at act BSWW legal & tax and by Marta Kosiedowska, Partner at act BSWW legal & tax. The tax team was led by Małgorzata Wąsowska – Head of Tax, tax advisor and Partner at the firm.
“STRABAG Real Estate is developing very dynamically – its portfolio is changing and in some cases the Client decides on disinvestment. This transaction is one of such examples and takes place in parallel to a number of acquisition projects on which we are currently advising STRABAG Real Estate” – says Marek Wojnar.
“The excellent location of the property undoubtedly proves its investment attractiveness” – adds Marta Kosiedowska.
The law firm advised comprehensively on the preparation of the issue documentation and establishment of collaterals, as well as on negotiations of the issue terms and conditions.
The transaction was led by Łukasz Piekarski (Partner), supported by Małgorzata Czarnecka (Associate). The project was supervised by Piotr Smołuch, Managing Partner and Head of Bonds.
act BSWW legal & tax provides comprehensive debt financing advisory services. The team has conducted more than 500 debt financing transactions with a total value of over PLN 6 billion.
The bonds were launched into the alternative trading system at Catalyst. The funds obtained will support Cordia’s further expansion in Poland.
The law firm provided comprehensive advice on the bond issue documentation and collaterals, while also performing the function of the collateral agent.
The project was led by Piotr Smołuch (Managing Partner) and Sebastian Sury (Partner).
Cordia forms part of the highly capitalised, Hungarian-owned Futureal Group, one of Central Europe’s largest property development and investment groups. Cordia operates in Hungary and Romania, and has also been operating in Poland since 2014, where it has been consistently expanding its portfolio of completed and ongoing residential projects.
act BSWW legal & tax provides comprehensive debt financing advisory services. The team has conducted more than 500 debt financing transactions with a total value of over PLN 6 billion.
The team consulted MA Investment sp. z o.o. on the acquisition of 100% shares in Baltic Wave sp. z o.o., the company conducting the investment process. In addition, the acquisition of Baltic Wave sp. z o.o. was combined with the issue of bonds to refinance the company’s existing debt. The new financing structure was adjusted to the current construction schedule and the hotel’s intended standard.
The law firm also advised on execution of the general contractor agreement with FB Antczak sp. z o.o., a company that has been acting as the general contractor since July.
The law firm’s team was made up of Piotr Smołuch, Managing Partner, Sebastian Sury (Partner), Edyta Krzepicka (Associate) and Arkadiusz Kocel (Associate).
“We are pleased to have participated in this complex investment process. We have been involved in it from the very beginning, so it is even more satisfying to see it come to life. The Baltic Wave Hotel is definitely a unique project in the Polish hospitality market and one of the largest in the coastline at the moment,” emphasizes Piotr Smołuch, Managing Partner at act BSWW legal & tax.
The luxurious five-star Baltic Wave Hotel, which is emerging under the Crowne Plaza brand just 200 meters from the beach in Kołobrzeg’s health resort district, will ultimately comprise 468 apartments on 14 floors. The hotel will have an infinity edge swimming pool, a luxurious spa & wellness area, restaurants and cafés, as well as modern conference space for 500 people. The hotel will operate in the self-service system.
