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Clifford Chance and Dentons Advise on CBRE Global Investors Divestment of Retail Portfolio in CEE to CPI Property Group

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Clifford Chance's Prague office has advised CBRE Global Investors, a Fortune 500 real estate company with offices in more than 64 countries worldwide, on the sale of its high-quality retail portfolio in Central and Eastern Europe to CPI Property Group (CPI). Dentons advised CPI on the transaction, which is valued at over EUR 600 million and will see properties including 11 shopping centers change hands across the Czech Republic, Poland, Hungary, and Romania.

This transaction between CPI and CBRE Global Investors is subject to the approval of the antitrust authorities in the countries concerned, with the deal expected to close during the first quarter of 2017. Once concluded, according to Clifford Chance, it will be one of the biggest retail real-estate transactions ever to have been completed in the region.

The Prague-based Clifford Team team coordinated the work of Clifford Chance offices in Poland and Romania and a partner law firm in Hungary as well. The team was led by experienced real-estate Partner Emil Holub supported by Associate Aneta Sosnovcova.

The Dentons team was led by Partner Evan Lazar, Co-Chairman of the firm's Global Real Estate Group, supported by Partners Stewart Middleman and Counsel Marketa Tvrda in Prague. Dentons lawyers based in London, Budapest, Warsaw, and Bucharest also worked on the deal, including Partners Judit Kovari, Monika Sitowicz, Perry Zizzi, and Bogdan Papandopol, Of Counsel Marcell Szonyi, and Senior Associate Lukasz Zwiercan, among others. 

Editor's Note: After this article was published, the Szecsenyi and Partners law firm informed CEE Legal Matters that it had worked alongside Clifford Chance in advising on the Hungarian part of the transaction. The firm's team was led by Daniel Kellner.

Czech Republic Knowledge Partner

JŠK, advokátní kancelář, s.r.o. (JŠK) is a medium-sized law firm based in Prague providing a comprehensive range of commercial legal advisory services in the Czech Republic. Our team consists of almost 30 lawyers, five of whom are partners with many years of experience from leading international law firms. We advise local and international clients from banking, insurance and various industry sectors, boast a respected projects practice, and work for the public sector at the federal and municipal level.

Ever since it was founded in 2004, JŠK has striven for the epitome of professionalism, expertise and ethical integrity. We continuously seek to surpass what large global law firms can offer and to give our clients a personal approach. All mandates are equally important to us regardless of size as we guide clients through both complex and seemingly routine matters.

Our clients turn to us for advice when implementing their business plans across all areas of commercial law. We are proud members of PONTES: the CEE lawyers, a unique network of law firms through which we provide services not only in the Czech Republic but also in Austria, Bulgaria, Hungary, Poland, Romania and Slovakia.

Firm's website: http://www.jsk.cz

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