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Vantage and Rank Progress hand in hand in Wrocław

Eurobuild CEE 29 December 2017

POLAND Vantage Development and Rank Progress have signed a letter of intent to jointly build a residential project on a 14-ha plot on ul. Wejherowska and ul. Białowieska in Wrocław.

“Details of the project are currently being arranged,” said Szymon Matuszyński, representative of Vantage Development. Vantage Development will transfer PLN 88 mln to the newly-established company on the dates stipulated in the agreement, however, no later than by the end of May 2020. The value of the perpetual usufruct of the property is PLN 159.6 mln.

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