Luksa - Big problems with developer in Lwowska, Krakow

Sean, - its discussion about clone of Luksa - Pawo company, which have exactly similar situation like with Lwowska investment ...

It seems that their finansial "piramide" collapsed now due to general problem with real estate investment - no new customers so they are lack of money now ;)

Any truth in the rumour that Luksa have obtained planning permission for Lwowska development in Krakow - if so how do we verify?

Hello everyone,

we have heard that demolition is now underway on site, this information came from Neodom, has anyone heard anything new or can confirm this is the case.

many thanks.

Look have you read this forum carefully. People are telling you not to trust Luksa as they are conmen. They are operating a sort of pyramid scheme. They and Neodom are the only ones making money here. I am sure your lawyer has advised you on what course of action to take. If you have any business sense then invest somewhere else. This other forum above refers to another development of Grupa Pawo (Luksa) that Neodom had originally on their books. After the Lwowska debacle they removed it. This has now been repackaged as a new development and is being sold by Neodom. I wouldn't have much faith in Neodom as they are making money either way.

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.