Tag: Real Estate
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Penteris Advises Summus Capital on Acquisition of React from Echo Investment
Penteris is proud to have advised Summus Capital on its acquisition of the React office building in Łódź from Echo Investment Group. The conditional sale agreement was finalized for a transaction value of EUR 32.5 million. This transaction marks a significant milestone for Summus Capital, an Estonian-based investment company, as it expands its portfolio into Poland, demonstrating confidence in …
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Journey to Japan – Global Trends
Penteris Head of Real Estate Andrzej Tokaj recently travelled to Tokyo for the GGI World Conference in his role as Global Chair of the GGI Real Estate Group and shared his thoughts on the event… I was struck by the city’s unique blend of tradition and modernity. The GGI conference itself was a melting pot …
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Taxpayers Winning Real Estate Depreciation Disputes
The “Polish Deal” legislation (the 2022 milestone reform of the Polish tax system) introduced several unfavourable tax regulations for Poland’s real estate sector, one of which is a ban on tax depreciation for residential buildings and premises. This restriction has limited the profitability of real estate investments, affecting the plans of numerous investors. However, less …
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