Fri, Mar
48 New Articles

Taylor Wessing Advises UBM Development on Sale of Czech Holiday Resort

Taylor Wessing Advises UBM Development on Sale of Czech Holiday Resort

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

Taylor Wessing has advised UBM Development on the sale of a Lipno lake holiday resort to Austrian Gruppe Dorn-Fussenegger member Lipno Invest Vision. Neubauer Partner reportedly advised the buyer.

The transaction closed in August 2021. Financial details were not disclosed.

Lipno Invest Vision focuses on the selling and construction of resorts, houses, and apartments located near Lipno lake, in the southern Czech Republic.

UBM Development is a real estate developer, providing office and residential properties in European metropolitan areas such as Vienna, Berlin, Munich, and Prague.

"We are pleased to have once again had the opportunity to cooperate with UBM Development on this important transaction, which confirms the continuing interest in holiday properties in attractive locations. Despite the coronavirus constraints, we managed to successfully complete the transaction to the satisfaction of all parties involved," commented Taylor Wessing Partner Jakub Adam.

Taylor Wessing's team was led by Adam and included Senior Associate Marek Stradal and Associates Radim Dolezal and Martin Serak.

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