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DZP advises on sale of commercial property at Royal Route

29.06.2015

DZP Real Estate Practice advised a major insurance company operating in Poland on the sale of a commercial property at the Royal Route in Warsaw to a leading commercial network on the Polish market.

The transaction was unique as our client sold perpetual usufruct of an undeveloped property with development deadlines secured in a non-standard way for the City of Warsaw, which has been using new legal solutions in this respect for three years now. In connection with that, DZP’s Real Estate Practice used its extensive long-term experience of advising clients on perpetual usufruct matters, which also includes extending the term of the perpetual usufruct and time limits to develop land held in perpetual usufruct.

As a result, the two-stage transaction was made and completed efficiently even though it involved innovative and complex  legal issues. Undoubtedly, broad experience of DZP’s Real Practice in handling unusual (often precedential) and difficult matters that other advisors are unwilling to undertake contributed to that.

The Client was advised on behalf of DZP by Lech Żyżylewski, Partner and Piotr Gołaszewski, Associate.