Mackrell International member firm for Poland KWKR, assists Galinvest in selling “Zaczarowane Koło”

Mackrell International News

Galinvest – a long-standing client of the KWKR law firm and an experienced developer who has been operating on the Krakow real estate market for more than 10 years – has finalized another transaction thanks to our legal assistance. The sale of a property with 74 residential units located in Krakow’s Bronowice district is our next joint success.

Our joint success

Galinvest is a company that responds to the needs of even the most demanding customers looking for comfortable, modern apartments in Krakow. Our law firm has had the pleasure of participating in several of the developer’s projects in this royal city – specialists from KWKR’s real estate department offered their legal support during the sale of units located at 25 Szwedzka Street (which was the first project of the Galinvest group company) or the housing estate on Polonijna Street.

This time our client successfully finalized a transaction located in the Bronowice district, at the intersection of Zaczarowane Koło and Rydla streets in Krakow. The property was purchased by LivUp – one of the first investors and operators on the Polish PRS market, owned by international giant Aurec Capital Poland. The building has already received an occupancy permit, and finishing works will start soon. The LivUp project includes 74 apartments for long-term lease, and the first tenants are expected to move in as early as Q2 2023.

How did we help our client?

KWKR’s legal assistance consisted of comprehensive support for the client; we actively participated in the entire sales process and supervised the project’s implementation: from preparing the company and the property for the buyer’s due diligence, to negotiating and concluding preliminary and final agreements with the buyer and supervising their implementation.

Our specialists also took an active part in the representation of Galinvest in the course of administrative proceedings and before the relevant state agencies. We professionally took care of securing the interests of our client, so that both parties – Galinvest and LivUp – were able to act in accordance with the agreed timetable for the implementation of the transaction, successfully finalizing it.