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CMS and White & Case Advise on Revetas' Portfolio Disposal to CMN

CMS and White & Case Advise on Revetas' Portfolio Disposal to CMN

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CMS has advised Revetas on the successful disposal of the remaining assets of its Revetas Capital Fund II’s Project Papa office portfolio in Prague to Ceskomoravska Nemovitostni. White & Case advised CMN on the deal.

According to CMS, “Revetas sold the three remaining buildings with a total gross leasable area of approximately 33,000 square meters, located in close proximity of each other in the Karlin neighborhood of Prague’s 8th district.”

As reported by CEE Real Estate Matters, one of the four assets initially comprised in the portfolio, BBC Vila, had previously been sold to the Passerinvest Group. The three remaining buildings are located in close proximity of each other in the Karlin neighborhood of Prague’s eighth district and were acquired by local real estate group Ceskomoravska Nemovitostni. Of the three buildings, one was the Corso Karlin building, initially built as an industry hall in 1890 and was subsequently repurposed to office use by architects Ricardo Bofill Levi and Jean Pierre Carniaux. The two other assets, Apeiron and Zirkon, were designed by the Czech architect Vaclav Aulicky.

CMS’s team included Partner Libor Prokes and Lawyers Pavel Srb, Ivana Lobotkova, and Andrea Haushalterova.

White & Case's team included Partners Petr Panek and Vaclav Kubr, Local Partners Karel Petrzela and Tomas Scerba, and Associates Barbora Vaculova, Lucie Zanaskova, and Petra Zunova.

Czech Republic Knowledge Partner

HAVEL & PARTNERS, attorneys-at-law, with offices in Prague, Brno, Bratislava, Pilsen, Olomouc, and Ostrava, has a team of 250 lawyers, tax advisors and 500 employees in total, is the largest independent law firm in Central Europe.

Our clients include large international companies, leading Czech and Slovak firms, including strategic state-owned companies and public sector authorities, as well as medium-size businesses, individual entrepreneurs, and investors. We advise approximately  150 of the Fortune 500 companies, almost 50 of the Czech Top 100 companies and 20 of the TOP 100 Slovak companies. HAVEL & PARTNERS currently provides its services to a total of 2,500 clients. We have the most comprehensive international support available to both Czech and Slovak law firms. We provide legal and tax advice in 12 languages in more than 110 countries around the globe. Up to 70 % of the transactions we deal with involve an international aspect.

HAVEL & PARTNERS was named the best law firm operating in the Czech Republic by the prestigious global rating agencies Chambers and Partners (2020, 2021) and Who’s Who Legal (2018, 2019). It is also the most successful law firm, providing the most comprehensive legal services in the Czech Republic and Slovakia, based on the total number of all nominations and awards in all years of the Law Firm of the Year awards. The firm became the absolute winner of this competition four times in the last six years, receiving the main award Domestic Law Firm of the Year in the Czech Republic (2015, 2017, 2018, 2020) and ranking as one of the most recommended law firms in all categories of law. Our company is also a four -time winner of the Law Firm of the Year award for Best Client Services (2015, 2016, 2019, 2020). In the field of M&A, HAVEL & PARTNERS is the best law firm in the Czech Republic based on the annual International Advisory Experts awards (2018, 2019). Prestigious international rating agencies EMIS DealWatch and Mergermarket have ranked HAVEL & PARTNERS among the leading law firms by the number of transactions completed in the Czech Republic since 2010. Based on annual awards of the Acquisition International magazine, HAVEL & PARTNERS has become the Law Firm of the Year 2019 in the M&A category in the CEE region.

Firm's website: https://www.havelpartners.cz/en/

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