Clifford Chance has advised Generali Real Estate on the acquisition of two office buildings in Prague from CPI Property Group. Rybar, Soppe & Partners reportedly advised CPI on the deal.
According to Clifford Chance, “the buildings are located in the dynamic business district of Pankrac and span 37,700 square meters of office space. They have been Generali Group's headquarters for Central and Eastern Europe since 2008 and have been adapted to a hybrid working model in the last two years in order to ensure flexibility and work safety of the employees. The properties will undergo extensive refurbishment to minimize its carbon footprint by reducing energy consumption and increasing the use of renewable energy resources and smart technologies.”
Clifford Chance’s team was led by Partner Emil Holub and Counsel Milan Rakosnik, supported primarily by Associate Josef Lysonek.