Rymarz Zdort Maruta advises AFI Europe on purchase of land in Wrocław valued at PLN 50.5 million

We are pleased to announce that we advised AFI Europe, an international investor operating office, commercial, and residential projects in Central and Eastern Europe, on the purchase from Develia S.A., with its registered office in Wrocław, of land with an area of 5.5 thousand square meters located at ul. Kolejowa in Wrocław, to be developed with a 13-storey PRS office building. A previously empty plot of land developed with a multi-storey car park that was demolished a dozen years ago has a chance of becoming an interesting and functional investment in the very centre of Wrocław. 

The preliminary conditional sale agreement was signed on 20 August 2024 and the transaction itself is expected to be completed by the end of 2024. The sale price of the land was set at PLN 50.5 million. 

AFI Europe is an international investor and developer operating in key cities of Central and Eastern Europe. Its diversified portfolio includes office, commercial, residential properties and multi-purpose projects. In addition, the company is developing the AFI Home brand, under which it offers residential units as part of a comprehensive accommodation service. 

Develia S.A. is a group of development companies implementing residential and commercial investments in the largest cities in Poland.

The project was supervised by Piotr Fedorowicz, partner and the head of the real estate practice. The project team comprised Tomasz Karkowski (senior associate), Karol Wojtkowski (associate) and Marcin Banak (associate).