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CMS Advises Savills on Expansion of Czech Operations

CMS Advises Savills on Expansion of Czech Operations

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CMS has advised Savills plc. on the acquisition of SB Property Services, a Czech company providing asset management services, from its founders, Martina Bartek and Michaela Semanova, who will join Savills as directors. Rudolf Rentsch of Rentsch Legal advised the sellers.

According to CMS, "with an international network of more than 700 offices and associates in the Americas, the UK, continental Europe, Asia Pacific, Africa, and the Middle East, Savills offers a broad range of specialist advisory, management, and transactional services to clients all over the world. Savills entered the CEE through a presence in Poland in 2004, and after opening an office in Prague last year, it has established cooperation agreements with businesses in Romania and Hungary. Since entering the Czech market in 2016, Savills ... has expanded further throughout CEE. The acquisition of SB Property Services provides Savills with a market leading property management platform in the Czech Republic."

SB Property Services has over EUR 400 million of assets under management, including landmark properties such as the Charles Square Center, the Rohan Business Center, the Melantrich Building, and the Trianon office building. It was established in 2011.

The CMS team advising Savills was led by Partner Helen Rodwell, with the support of Senior Associate Frances Gerrard and Associate Pavel Kocian.

Czech Republic Knowledge Partner

PRK Partners, one of the leading Central European law firms, has been helping clients achieve their business objectives almost 30 years. Our team of lawyers, based in our Prague, Ostrava, and Bratislava offices, has a unique knowledge of Czech and Slovak law and of the business environment. Our lawyers studied at top law schools in the United States, United Kingdom, Switzerland and elsewhere. They also have experience working for leading international and domestic law firms in a number of jurisdictions. We speak your language, too. Our legal team is fluent in more than 15 languages, including all the key languages of the region.

PRK Partners has one of the most experienced legal teams on the market. We are consistently rated as one of the leading law firms in the region. We have received many significant honours and awards for our work. We represent the interests of international clients operating in the Czech Republic in an efficient way, combining local knowledge with an understanding of their global requirements in a business-friendly approach. We are one of the largest law firms in the Czech Republic and Slovakia. Our specialised teams of lawyers and tax advisors advise major global corporations as well as local companies. We provide comprehensive legal advice drawing on our profound knowledge of local law and markets.

Our legal advice delivers tangible results – as proven by our strong track record. We are the only Czech member firm of Lex Mundi, the world's leading network of independent law firms. As one of the leading law firms in the region, we have received many national and international awards, in some cases several years in a row. Honours include the Chambers Europe Award for Excellence, The Lawyer and Czech and Slovak Law Firm of the Year. Thanks to our close cooperation with leading international law firms and strong local players, we can serve clients in multiple jurisdictions around the globe. Our strong network means that we can meet your needs, wherever you do business.

PRK Partners has been repeatedly voted among the most socially responsible firms in the category of small and mid-sized firms and was awarded the bronze certificate at the annual TOP Responsible Firm of the Year Awards.

Our work is not only “business”: we have participated on a longstanding basis in a wide variety of pro bono projects and supported our partners from the non-profit sector (Kaplicky Centre Endowment Fund, Tereza Maxová Foundation, Czech Donors Forum, etc.).

Firm's website: www.prkpartners.com

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