The Czech real estate market is experiencing its strongest periods since before the pandemic, with significant activity across hotels, retail, logistics, and offices, according to CMS Partner and Head of CEE Real Estate and Construction, Lukas Hejduk. Strong domestic capital, successful investment legislation, and high demand are driving the market.

Greece-based FNG Law Firm has joined Drakopoulos with Petros Fragkiskos and Konstantinos Nikolakopoulos Giannidis becoming Drakopoulos Equity Partners and Achilleas Papadopoulos joining as Partner. 

Wolf Theiss, working with Arendt, has advised Studenac on securing a EUR 300 million loan facility from a consortium of banks led by Bank Pekao and including Powszechny Zaklad Ubezpieczen, OTP Banka, Zagrebacka Banka, and OTP Bank Plc Hungary. DTB and Clifford Chance advised the financial institutions.

Elementz Legal has advised Bubblify International on its acquisition of 22 OXO-brand shopping center retail locations in the Czech Republic, Slovakia, and Hungary.

Dentons has advised YIT Zwirn 2 – a joint venture between YIT Slovakia and RSJ Investments – on a syndicated loan exceeding EUR 100 million for the financing of Zwirn 2 real estate development in Bratislava. Allen Overy Sherman Sterling reportedly advised the banks.

Addleshaw Goddard has advised Niam on the sale of two buildings in the High5ive office complex in Krakow to Stena Real Estate. Dentons advised Stena Real Estate.