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.