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Wilson & Partners Advises Skanska on Office Building Sale in Prague

skanska.cz

Czech Republic
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Wilson & Partners has announced the successful completion of the sale of the Balabenka Office Building in Prague by Skanska Property to the CIB Group.

The price of the transaction was not disclosed. Wilson & Partners has undertaken some leasing of the building, and also acted on behalf of Skanska on the sale, along with Cushman & Wakefield.

Balabenka is located between Prague 8 and 9, two rapidly-developing parts of the city. The seven-story building provides 13,000 square meters of leasable office/retail space, and has an 81 percent occupancy rate. The building’s anchor tenants are Komercni Banka, CSOB, and Air Telecom. Skanska Property Czech Republic acquired the building, formerly known as Vysocanska brana, from ORCO, in 2010.

 

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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