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.
