act legal Poland has consulted on Rank Progress’ purchase of nearly 6.83 hectares of land worth almost PLN 24m net.
On November 19, 2020, Rank Progress Spółka Akcyjna Otwock spółka komandytowa (a subsidiary of Rank Progress S.A.) and Rank Progress S.A. entered into two final agreements for acquisition of ownership title to a land lot of 6.83 ha.
The property is located in Otwock. The transaction value is PLN 23.97 million.
The law firm provided a comprehensive range of legal advisory services, including a due diligence audit of the property.
The law firm’s team was supervised by Michał Wielhorski, Managing Partner at actlegal Poland. The team was made up of Mateusz Prokopiuk, Partner (transaction advisory), and Michał Sołtyszewski, Partner (due diligence).
“This is yet another project of this kind, on which we advise our Client,” says Michał Wielhorski.
Rank Progress is an investment and development company which has become a market leader when it comes to development of retail spaces. It is listed on the Warsaw Stock Exchange.