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.