ARTICLES LABELLED WITH TAG legal

John Palmer, Partner Associate, Real Estate Advisory at Deloitte Poland, talked to Property Forum about the rapidly changing landscape of the land development market in Poland and its current attractiveness to foreign investors.

In 2024, the Polish commercial property market will be largely impacted by growing ESG regulatory pressure, says Cushman & Wakefield in its latest report. Following the entry into force of the EU reporting standards and the revised EPBD, investors will be required to place an increasing emphasis on implementing practical sustainable solutions for their property portfolios.

The Construction Act in Slovakia has been in force for half a century, and this year will probably not be its last either. The new Construction Act, or the Construction Act and Spatial Planning Act, was supposed to enter into force in Slovakia on 1st April 2024. The validity of part of the new legislation will be postponed, reports yimba.sk.

Greenberg Traurig advised Madison International Realty, the majority shareholder of Capital Park S.A., on the sale of certain assets of the group as part of a management buy-out co-financed by Europi Property Group, Capital Park’s minority shareholder.

The new Polish government, dominated by the Koalicja Obywatelska (Civic Coalition) party, announced back in the election campaign that it would resume work on a law on REIT-type structures, abandoned several years ago. Economic organizations are calling on it to make good on its economic promises - the introduction of domestic REITs could bolster domestic demand and lure more domestic capital to the real estate market, virtually non-existent here today.

Wolf Theiss has announced the expansion of its Corporate and M&A team in Poland with the addition of 27 new team members, including seven partners.

Witold Rafalski joined GTC Poland as the Head of Asset Management and Marcin Zaskurski joined as the General Counsel and Head of Legal Department. 

Piotr Staniszewski, Partner, Real Estate, Dentons talked to Property Forum about the awareness of the PRS investors in Poland, planned legislative changes and the current financing conditions.

The planned Highest Construction Office (Nejvyšší stavební úřad) and the system of regional construction offices subordinate to it will not be established in the Czech Republic. The construction authorities will remain within the municipalities, the Czech News Agency (ČTK) reports.

As a result of a legal dispute between real estate tycoon Radovan Vítek's CPI Property Group and businessmen Marek Čmejla and Jiří Diviš, a Cypriot court has reportedly ordered banks to freeze CPI Property Group's assets worth almost CZK 13 billion (€553 million), according to the German economic newspaper Handelsblatt, cited by the Czech daily Hn.cz. CPIPG, however, denies the German newspaper's information, saying that the interim measure is not in force and that no accounts have been seized or assets were frozen.