Tue, Dec
49 New Articles

Kocian Solc Balastik Advises Arete Invest on Disposal of Logistics Parks Portfolio

Kocian Solc Balastik Advises Arete Invest on Disposal of Logistics Parks Portfolio

Czech Republic
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Kocian Solc Balastik has advised Arete Invest’s real-estate fund on the EUR 113 million sale of a portfolio of 11 logistics and industrial parks in the Czech Republic and Slovakia to Australia-based fund Cromwell. 

According to KSB, Cromwell acquired over 125 thousand square meters and 140 thousand square meters of land for construction. The transaction is expected to be concluded in the first quarter of 2021.

KSB’s team was led by Partners Jiri Hornik and Martin Krejci and included Senior Associates Jakub Porod, Josef Kriz, and Jaroslav Zahradnicek, and Junior Lawyer Ondrej Siska.

KSB did not reply to our inquiry on the matter.

Editor's note: After this article was published, Clifford Chance announced that it had advised the Cromwell Property Group on the deal. The firm's team included Prague-based Partner Emil Holub, Senior Associate Stanislav Holec, Counsel Aneta Disman, and Junior Lawyers Ondrej Dolensky and Daniela Bencova. 

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

Our Latest Issue