Luksa - Big problems with developer in Lwowska, Krakow

I got confirmation that demolition will be finished till end of July and that Luksa should get the permission building for Lwowska very soon.

Is the demolition work finished and has building started.

Our Polish solicitor has instructed us that builder is preparing to draw up revised addendum to original agreement based on the fact that demolition has begun/is complete? and his submission of revised plans to plannig authorities? It remains to be seen what that will entail and if it is our favour. Watch this space.

I heard that everything is under control and that building will start very soon

I wouldn't hold ny breath on the development starting

What do you mean?

I bought an apartment in this development at the early stages over two years ago and have susequently terminated the contract with some considerable effort. Just a few ppints below from previos posts.


Did anything transpire with the revised agreement?


Has anyone veified, not speculation, that permission has been granted?


Why were Luksa tring to sell this development?


Andy has his ear to the ground in terms of what is going on here. If he has terminated the contract for his clients then I would pay attention.

I will know more by end of this week. Solicitor trying to file for 'limitation' which protects our rights beyond 31st December. Its essentially a piece of protection legal process so that we don't lose our shirts whether he builds or not. Though to be fair our solicitor having trouble finding Luksa.

Did you get some new information?

Yeah - he filed for 'limitation' on our behalf. Still no sign of our favourite builder

hI, I INVESTED IN THIS DEVELOPMENT WITH LUKSA ALMOST 3 YEARS AGO.
THE DEVELOPMENT COULD NOT PROCEED ACCORDING TO THE CONTRCT BECAUSE OF PLANNING ISSUES. MY SOLICITOR HAS FILED FOR LIMITATION TO RESERVE MY RIGHTS.
STILL LUKSA ARE NOT RESPONDING TO MY SOLICITOR. ANYONE KNOW IF LUKSA IS STILL SELLING APARTMENTS IN THIS DEVELOPMENT?

Luksa is not selling any apartments in this development at present. They are building something nearby on Plac Bohaterow Ghetta which they are calling Villa Wisla, villawisla.pl

I know this is still unresolved for a lot of people that bought in this investment, and that many investors are still waiting to get their money back. I wish you luck and suggest you keep your lawyer engaged on this case

Does anyone know if luksa can be forced /given an ultimatium to resign on the oringal premliminary contracts for the development on Lwowska street and to give back the monies with in 60 days of signing?

Could a number of investors whom are still waiting for thier monies , perhaps joint forces and take one court action against this company as opposed to each investor separating taking him to court?

The short answer is no.

If attempting to get your money back then you should get legal advice. I managed to get them to repay my deposit, plus expenses, plus a penalty fee. I didn't have to go to court but it took some considerable effort on the part of my solicitor to secure this. You should also conatct their offices yourself directly. To be honest Luksa don't give a s**t.

hi,

im am currenly waiting to get my money back also. The whole thing has been a disaster.
I would be interested in mollys proposal to take one joint court action.Would anyone else be interested in this?

Hi, I heard that they got the final authorization...

Final authorisation for what? Building permit?

Is anyone confident of giving these guys further installments.

Yes building permit

Am chasing up confirmation on this from our solicitor in Krakow - seems to me that this forum is more informed than most on matters Luksa. Its all very well getting building permit - will Luksa build it now. We are still tied in to our original agreement from 2006 at 2006 prices!

Can you provide any sort of solid confirmation or proof that Luksa has acquired a permit for the Lwowska site. We are having real difficulty getting any verifiable information on this.

Now it is sure LUSKA got the permission!!!

So how many people are still tied up in the original investment in this project? 3.5 years since we put an initial 10% deposit on this project. Where to now?

i cannot believe people are still tied up in this investment. what type of advise are you guys getting. only in poland would this be accepted.

What do you know of this Luksa developer and the Lwowska development? Clearly more than our solicitors!

Investigations by my agent and solicitor in Krakow left me in no doubt that this developer was best avoided. I also had the pleasure of meeting Mr Luksa & his associate on a few occassions myself. I cancelled this contract and got my deposit returned plus all expenses & additonal penalty last year. If your solicitor is any good then surely they have initiated some sort of court proceeding as this is the only sure way to get the attention of Mr Luksa. Best of luck!!!!!!!!

I heard this investment will be finished with 2 years from now ; they should start the building quite soon.

Does anyone have a guide price for a typical 1 bed apartment in the Lwowska Krakow area. I'd like to compare todays price for what we paid based on an initial agreement in 2006?

there is a development nearby currently being sold called "Willa Avangarda" - if you do a google search you will find a website for this development. It has sold fairly quickly at prices between around 7800 PLN per m2 and 9000 PLN per m2 (developer's standard, prices including 7% VAT). Luksa is also selling apartments in their development on Plac Bohaterów Ghetta called "Villa Wisła", you can find pricing here:

neodom.pl/Inwestycja/Kraków/Kraków_VILLA_WIS£A/6

Thanks for that Andy B - so reading between the lines I see that Luksa has at least built something in Krakow. How good is it? Do they have any sort of reputation?

I can't see that they have any reputation after the Lwowska residence fiasco.

Having said that, the new development they are building nearby is fairly close to completion, so provided the build standard is ok, potential investors probably won't have any issues with this one.