On 2 July 2019 the president of Poland signed an amendment to the Act on National Property. The changes to the law have important implications for the application of the Act on Real Estate Management of August 21st 1997 and the Construction Law of July 7th 1994. The legal changes to the Real Estate Management Act and the Construction Law will enter into force in 30 days from their publication. The main change governs when, after the right of perpetual usufruct has been granted to the land, there is a permanent change in the usage of the property (resulting in a change in the stated usage of the perpetual usufruct). In such cases, an application for a change in the stated usage should be submitted by the relevant authority (such as the County Governor (starosta), a local government department or official, including community head (wójt)/ mayor (burmistrz)/ city mayor (prezydent miasta)) or the perpetual usufructuary. A change in state may be applied for, provided th
EXPO REAL 2025: From survival mode to selective recovery
EXPO REAL 2025: From survival mode to selective recovery
This year’s EXPO REAL in Munich marked a noticeable shift in tone across industry conversations. Following a period of uncertainty and postponed investment decisions, the com ...
Axi Immo
Are lease agreements in retail parks still triple-net?
Are lease agreements in retail parks still triple-net?
The lease agreements concluded for retail parks increasingly feature solutions that differ from the classic Triple Net Lease agreements, particularly as regards the settlement of o ...
CMS
Flex market picks up momentum
Flex market picks up momentum
The flexible office market in Poland is growing rapidly. In the upcoming years, we can expect the pace of its development to accelerate. Currently, over 420,000 sqm of flex space a ...
Walter Herz