Come on, Skra!

The Global Partners Investment Fund recently came to Warsaw to speak about a problem it’s been having. The problem relates to the Skra Stadium in the Polish capital. The Irish development company purchased the right of perpetual usufruct to 12 ha of land around the stadium located at the junction of ul. Wawelska and ul. Żwirki i Wigury in 2006, but which was due to expire in 2014. GPIF did not think there was a risk that the right would not be extended, relying on the advice of two respected Polish law firms, who were more than certain that this was the case. However, the city did not agree to extend the right. GPIF says the city of Warsaw has launched a negative PR campaign against the company in order to get its hands back on the Skra site. Both the city and the investor have complained to ‘Eurobuild CEE’ that the other party is working against the law and the public interest. And in the meantime, the stadium is falling fur