Schoenherr has advised Erste Group Immorent AG on the approximately CZK 3 billion (over EUR 100 million) sale of Immorent Jilska s.r.o., which owns the Enterprise office building, to Starship Enterprise a.s. — a joint venture of RSJ Investments and private investors Pavel Baudis and Eduard Kucera, the two co-founders of Avast Software B.V. Wilson & Partner advised the buyers on the deal, which closes on November 14, 2016.
Erste Group Immorent provides real estate financing and project development services in Central, Eastern, and South-Eastern Europe.
The twelve-story Enterprise office center offers approximately 29,000 square meters of leasable area and 400 parking spaces. The core tenants are Avast Software and CSC Computer Science. Built and developed by Erste Group Immorent to be an environmentally friendly Class A office space, Enterprise has received the BREEAM Excellent Certificate.
According to Schoenherr Real Estate Partner Peter Madl, who led the firm's team on the deal, "Enterprise is a landmark building in the Prague 4 business district, which is one of the most sought-after office locations in the Czech capital. One of the largest high profile deals in the Czech real estate market this year, Enterprise showcases the continuous demand for premium office properties in Prague."
In addition to Madl, who is based in Vienna, the Schoenherr team consisted of Prague-based Attorney Miroslav Dudek and Associate Jakub Karfilat.
The Wilson & Partners team advising Starship Enterprise was led by Partner Martin Bendik and Senior Counsel Martina Krakorova. Krakorova confirms that the name of the purchasing joint venture — Starship Enterprise — was chosen specifically for purposes of the acquisition.
Image Source: erstegroupimmorent.com
