Murapol Real Estate faces lawsuit over property deal in Warsaw

Murapol Real Estate, a subsidiary of Murapol, is facing a lawsuit from J.K. Investment over the conclusion of a real estate purchase agreement in Warsaw. The claim, which amounts to PLN 66.7 million for the property transaction and an additional PLN 53.8 million in compensation for alleged lost profits, has been strongly contested by Murapol, which deems the lawsuit entirely unfounded.

The lawsuit seeks to compel Murapol Real Estate to submit a declaration of intent to purchase the property known as ‘Project Łopuszańska’ for a net price of PLN 66.7 million, with a valuation adjustment for a portion of PLN 63.7 million. Additionally, J.K. Investment is demanding the payment of PLN 53.8 million plus interest as compensation for unrealized profits.

Should the court reject the primary claims, the plaintiff has requested an alternative ruling, seeking compensation of PLN 191.6 million plus interest from Murapol, again citing lost benefits.

Murapol, in response, has asserted that the lawsuit is baseless and has confirmed its intent to file a formal rebuttal within the prescribed legal timeframe. According to Murapol, the dispute stems from a preliminary sale agreement signed in 2022 for the Łopuszańska Project. The final sale was contingent on specific conditions, including securing a definitive building permit. In April 2024, Murapol exercised its right to withdraw from the agreement due to the non-fulfillment of this condition.

J.K. Investment, however, contests the legitimacy of Murapol’s withdrawal, leading to the legal dispute. Murapol maintains that the claim for lost profits is unsubstantiated and without legal merit. After consultation with legal advisers, the company remains confident that the lawsuit will be dismissed in its entirety.

This legal battle adds a layer of complexity to an already intricate real estate transaction, with the court’s ruling expected to have significant implications for both parties.