B2RLaw advises real estate developer Echo Investment on 20.000 m2 residential usable area project acquisition in Krakow

B2RLaw has advised Echo Investment on the acquisition of a large property in the Bronowice district of Krakow, complicated by the fact that this involved acquiring numerous plots. B2R assisted at every stage of the transaction including post–closing activities and managed the real estate until its ultimate hand–over to Echo. In particular, B2R’s lawyers advised on legal, tax as well as intellectual property aspects of the transaction, negotiated the transaction documentation and supported in closing the transaction. Furthermore, B2R successfully represented Echo before administrative bodies in order to obtain a final building permit for the purposes of a huge residential investment on the acquired land.

The value of the entire investment amounts to PLN 200 million with the property covering a residential projected usable area of 20.000 m².

“I would like to emphasize and appreciate the professionalism and commitment of the B2RLaw team at each stage of this complex process, from negotiations, through finalization of the purchase, to support in the course of administrative proceedings” comments Karol Dzięcioł, Land Acquisition Director, MRICS at Echo Investment.

B2R’s team was overseen and coordinated by Rafał Zięba, Senior Partner, and involved Tomasz Zaleski (Partner, Tax), Paweł Gunia (Partner, Construction), Marcin Huczkowski (Partner, IP), Agnieszka Wojciechowska (Senior Associate), Natalia Leszko (Associate) and Aleksandra Karteczka (Associate).