Dentons has advised Heimstaden Bostad, the third-largest provider of rental housing in Europe, on its EUR 23 million acquisition of Czech real estate development company Daramis's residential-apartments-for-rent portfolio in the Unicity complex in Plzen.
The portfolio consists of 226 flats and 5 commercial units.
According to Dentons, the transaction also includes an agreement that until the end of 2022, Daramis will provide property management services. Heimstaden will manage the flats starting in January, 2023.
Dentons’ Prague-based team was led by Partners Evan Lazar and Marketa Tvrda and included Senior Associate Jakub Nosek and Associate Jan Sedlak.
Dentons did not reply to our inquiry on the matter.