Clifford Chance has advised the Mint Investments Group on the acquisition of Coral Office Park from Portland Trust. Wilsons advised the seller.
Coral Office Park is located in Prague and comprises four office buildings and one building serving as a restaurant.
The Mint Investments Group is a real estate investor in Central and Eastern Europe with a range of projects including office, retail centers, and residential properties.
Established in 1997, Portland Trust is a commercial real estate developer and asset manager with offices in Prague and Bucharest.
"The project fits well with our strategy to acquire well-located modern office schemes," Mint Investments Partner Lukas Schirl commented. "These will benefit from future rental growth driven by fast-growing construction costs and occupier demand for locations with easy access and developed infrastructure, which is critical for the occupier's ability to attract and retain quality staff, combined with further technical improvements."
The Clifford Chance team was led by Partner Emil Holub and Counsel Aneta Disman and included Associate Tereza Rehorova and Junior Lawyer Ondrej Dolensky.
The Wilsons team was led by Associate Monika Kajankova and included Junior Associate Gabriela Skvarilova.