Dentons advised Penta Real Estate, the real estate division of Central European investment group Penta, on its EUR 250 million sale of the Waltrovka office complex in Prague to Munich-based real estate fund manager GLL Real Estate Partners, acting together with LB Asset Management on behalf of South Korean investor Hanwha Investment & Securities. Wilsons advised the buyers on the deal.
The 80,000 square meter Waltrovka office complex, consisting of the Aviatica, Dynamica, Mechanica I and II, and Walter buildings, was completed between 2015 and 2018. The buildings are leased to a range of tenants including Johnson & Johnson, Oracle, Sberbank, Strabag, Amrest, and Astra Zeneca.
The Dentons team was led by Partner Jiri Strzinek, supported by Partner Marketa Tvrda and Associate Jakub Nosek.
The Wilsons team consisted of Partner Bryan Wilson and Associate Monika Kajankova.