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Clifford Chance Advises CBRE Global Investors on Acquisition of Praga Studios

Clifford Chance Advises CBRE Global Investors on Acquisition of Praga Studios

Czech Republic
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Clifford Chance has advised CBRE Global Investors on its EUR 55 million acquisition of the Praga Studios complex in Prague's Karlin district from Skanska.

Praga Studios offers a total leasable area of around 12,000 square meters and is fully leased by Edwards Lifesciences and other tenants including a co-working operator and IT companies. According to Clifford Chance, “the building contributes to the local community with a publicly accessible lobby designed to host concerts, theaters or art exhibitions, and with a community garden that offers a place for gardening and relaxation to the neighbourhood.”

The building was completed in the second quarter of 2019.

Clifford Chance has advised CBRE Global Investors on a number of deals over the years, including on the sale of Warsaw office buildings (as reported by CEE Legal Matters on February 17, 2017), the sale of a CEE retail portfolio to CPI Property Group (as reported on January 18, 2017), and the sale of the Wars Sawa shopping center (as reported on September 5, 2018).

The Clifford Chance team on the Praga Studios deal was led by Partner Emil Holub and included Senior Associate Aneta Disman and Junior Lawyer Matej Kucera.

Clifford Chance did not reply to our inquiries about the deal.

Czech Republic Knowledge Partner

JŠK, advokátní kancelář, s.r.o. (JŠK) is a medium-sized law firm based in Prague providing a comprehensive range of commercial legal advisory services in the Czech Republic. Our team consists of almost 30 lawyers, five of whom are partners with many years of experience from leading international law firms. We advise local and international clients from banking, insurance and various industry sectors, boast a respected projects practice, and work for the public sector at the federal and municipal level.

Ever since it was founded in 2004, JŠK has striven for the epitome of professionalism, expertise and ethical integrity. We continuously seek to surpass what large global law firms can offer and to give our clients a personal approach. All mandates are equally important to us regardless of size as we guide clients through both complex and seemingly routine matters.

Our clients turn to us for advice when implementing their business plans across all areas of commercial law. We are proud members of PONTES: the CEE lawyers, a unique network of law firms through which we provide services not only in the Czech Republic but also in Austria, Bulgaria, Hungary, Poland, Romania and Slovakia.

Firm's website: http://www.jsk.cz

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