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BPV Braun Partners and Kinstellar Advise on Sale of Oasis Florenc Office Building in Prague

BPV Braun Partners and Kinstellar Advise on Sale of Oasis Florenc Office Building in Prague

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BPV Braun Partners has advised European real estate service provider Corpus Sireo on the purchase by its Luxembourg investment fund Dereif Immobilien of the Oasis Florenc office building in the center of Prague. Kinstellar advised the unidentified sellers on the deal. Financial terms were not disclosed.

Corpus Sireo is a real estate service provider which operates as a fund and asset manager, investor, and project developer in Germany and other European countries. It also acts as a co-investment partner for pan-European real estate investments. The company employs approximately 530 staff at 11 locations in Germany and Luxembourg, and is an independent business unit of Swiss Life Asset Managers. With companies in Switzerland, France, and Germany, Swiss Life Asset Managers manages real estate assets with a total value of more than EUR 67 billion.

According to BPV Braun Partners, "the Oasis Florenc office building is the new flagship development at the very heart of Prague’s central business district, which [offers the] benefits of a city center location, but also offers stunning external landscaped areas for all tenants who can take a break from work and relax in tranquil surroundings. It is located on the eastern edge of the city center in an established business location, measuring 18,700 square meters, leased to high-profile companies such as J&T Services, Eli Lilly, Wolf Theiss, and Cisco Systems. In addition to a shopping arcade with retailers and catering, the property entails underground parking with 141 parking spaces and a generous green space for outdoor leisure activities."

The acquisition of the Oasis Florenc building is Corpus Sireo's second acquisition in the region in recent weeks, following its September 2017 acquisition of the Eiffel Palace building from the National Bank of Hungary (as reported by CEE Legal Matters on September 7, 2017).

The BPV Braun Partners team was led by Partner Jiri Barta, assisted by Managing Associate Michal Hrabovsky, Attorney Jan Junger, Senior Associates Ondrej Ponistiak and Marketa Nesetrilova, and Associates David Plevka and Nikola Neumanova.

The Kinstellar team was led by Partner Klara Stepankova and Jan Juroska and included Associate Rudolf Schichor and Junior Associate Michal Matous.

Czech Republic Knowledge Partner

HAVEL & PARTNERS, attorneys-at-law, with offices in Prague, Brno, Bratislava, Pilsen, Olomouc, and Ostrava, has a team of 220 lawyers, tax advisors and 500 employees in total, is the largest independent law firm in Central Europe.

Our clients include large international companies, leading Czech and Slovak firms, including strategic state-owned companies and public sector authorities, as well as medium-size businesses, individual entrepreneurs, and investors. We advise approximately 100 of the Fortune 500 companies, and almost 50 of the Czech Top 100 companies. HAVEL & PARTNERS currently provides its services to a total of 2,000 clients. We have the most comprehensive international support available to both Czech and Slovak law firms. We provide legal and tax advice in 12 world languages in more than 90 countries around the globe. Up to 70 % of the transactions we deal with involve an international aspect.

HAVEL & PARTNERS was named the best law firm operating in the Czech Republic by the prestigious British rating agencies Chambers and Partners (2020) and Who’s Who Legal (2018, 2019). It is also the most successful law firm, providing the most comprehensive legal services in the Czech Republic and Slovakia, based on the total number of all nominations and awards in all years of the Law Firm of the Year awards. The firm became the absolute winner of this competition four times in the last six years, receiving the main award Domestic Law Firm of the Year in the Czech Republic (2015, 2017, 2018, 2020) and ranking as one of the most recommended law firms in all categories of law. Our company is also a three-time winner of the Law Firm of the Year award for Best Client Services (2015, 2016, 2019). In the field of M&A, HAVEL & PARTNERS is the best law firm in the Czech Republic based on the annual International Advisory Experts awards (2018, 2019). In Slovakia, it also won the prestigious global M&A Today Awards (2013–2018) for Mergers & Acquisitions six times in a row, and repeatedly won first place in the ranking by Lawyer International Legal 100 (2017, 2018). Prestigious international rating agencies EMIS DealWatch and Mergermarket have ranked HAVEL & PARTNERS among the leading law firms by the number of transactions completed in the entire CEE region since 2009. Based on annual awards of the Acquisition International magazine, HAVEL & PARTNERS has become the Law Firm of the Year 2019 in the M&A category in the CEE region.

Firm's website: https://www.havelpartners.cz/en/

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