Allen & Overy has advised Accolade Fund SICAV on the up to EUR 120 million refinancing of its entire Czech real estate portfolio provided by Ceskoslovenska Obchodni Banka and UniCredit Bank Czech Republic and Slovakia. Dentons advised the lenders on the transaction.
According to A&O, the loan will be used to refinance the existing indebtedness of Accolade’s Czech Republic real estate portfolio and for the development of certain logistics assets.
The Accolade Group invests in warehousing facilities focusing on sustainable development in the Czech Republic, Poland, Germany, Slovakia, and Spain. An industrial real estate fund, Accolade Fund SICAV was launched in 2014.
The Allen & Overy team was led by Counsel Silvie Horackova and included Counsel Petra Mysakova, Associates Lucie Siva and Barbara Midova, and Junior Lawyer Viktor Vrablik.
Dentons’ team was lead by Partner Daniel Hurych and included Counsel Jana Malkova Zelechovska, Senior Associate Martin Mandulak, and Associates Eva Klimova and David Sutko.