We advised Alides Polska on the acquisition of a property on Jana Kazimierza Street in Warsaw

We are pleased to announce that we have advised Alides Polska on the acquisition of the property at Jana Kazimierza Street. This is another Alides property in Poland expanding the client’s residential property portfolio. The transaction took place on 9 May 2024.

Transaction details

Alides Polska has acquired a property of over 4,100 sqm. The purchased property is located in a prime location on Jana Kazimierza Street in the Wola district of Warsaw. This is another step in the implementation of the family group’s growth strategy, which focuses on acquiring strategic locations with long-term potential, in the centre of Belgium, Poland and Luxembourg. The site is earmarked for residential development. It is one of the last available plots of this type in the area. The developer plans to build a multi-family residential building on the site, complemented by commercial units.

Our advice and team composition

The work of the transaction team was led by Partner and Attorney-at-law: Mariusz Kowolik. In addition, the team comprised: Jacek Ziembiński – Advocate, Patrycja Wieczorek – Attorney-at-law, Barbara Hornowska – Trainee Attorney-at-law and Bartosz Żak – Trainee Advocate.

Parties to the transaction

Alides is a well-respected real estate agent in the industry, which originated from Ghent Group Maes (founded in 1892). The company has many years of experience as a real estate investor and developer in Belgium, Luxembourg and Poland. The company is valued at over €600 million and its development plan foresees a future turnover of over €800 million.