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CMS and Dentons Advise on Landmark Real Estate Deal in the Czech Republic

CMS and Dentons Advise on Landmark Real Estate Deal in the Czech Republic

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CMS has advised German real estate fund Deka Immobilien on the acquisition of the prestigious building complex “The Park” in Prague from an affiliate of the Starwood Capital Group global private investment firm. Dentons advised the sellers on the deal, which was signed on September 29 and came to a successful close on November 14. According to CMS, it is the largest ever office transaction in the Czech Republic.

“The Park” is a complex consisting of 12 office buildings built between 2003 and 2008 in a campus-style formation with a central plaza on a property approximately 75,000 square meters in size. The 116,000 square meters of leasable space is primarily occupied by such international technology companies as DHL, Honeywell, CA Technologies, and IBM.

The CMS transactions team advising Deka Immobilien was led by Prague Partner Lukas Hejduk, and consisted of Partner Pavla Kreckova and Associates Petr Huk, Lucie Kislerova, Petr Koral, Michal Samek, Tereza Maternova, Magda Nemcova, Pavel Kocian, Barbora Dubanska, Tomas Pavelka, Frances Gerrard, and Lukas Valusek.

The Dentons team was led by Partner Jiri Strzinek, supported by Counsel Marketa Tvrda and Associate Jan Hrivnak. Strzinek also coordinated the Luxembourg team advising on Luxembourg law, which was led by Partner Stephane Hadet, working with Senior Associate Olivier Lesage and Associate Christophe Renaudin.

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

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