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CMS Advises Savills on Expansion of Czech Operations

CMS Advises Savills on Expansion of Czech Operations

Czech Republic

CMS has advised Savills plc. on the acquisition of SB Property Services, a Czech company providing asset management services, from its founders, Martina Bartek and Michaela Semanova, who will join Savills as directors. Rudolf Rentsch of Rentsch Legal advised the sellers.

According to CMS, "with an international network of more than 700 offices and associates in the Americas, the UK, continental Europe, Asia Pacific, Africa, and the Middle East, Savills offers a broad range of specialist advisory, management, and transactional services to clients all over the world. Savills entered the CEE through a presence in Poland in 2004, and after opening an office in Prague last year, it has established cooperation agreements with businesses in Romania and Hungary. Since entering the Czech market in 2016, Savills ... has expanded further throughout CEE. The acquisition of SB Property Services provides Savills with a market leading property management platform in the Czech Republic."

SB Property Services has over EUR 400 million of assets under management, including landmark properties such as the Charles Square Center, the Rohan Business Center, the Melantrich Building, and the Trianon office building. It was established in 2011.

The CMS team advising Savills was led by Partner Helen Rodwell, with the support of Senior Associate Frances Gerrard and Associate Pavel Kocian.

Czech Republic Knowledge Partner

For more than 25 years PRK Partners has been providing top tier, comprehensive legal services in all areas of law – always at the highest professional level. The company’s offices in Prague, Ostrava and Bratislava, as well as its specialised teams of legal practitioners and tax advisors, allow PRK Partners to offer solutions to any kind of legal issues, providing an international point of view and in-depth knowledge of the respective local legal system.

The full-service law firm has worked on many of the region’s largest and most complex transactions. The firm puts emphasis on the highest standards of quality, efficiency and flexibility in its advisory services, which are tailored to the specific requirements of each client. 

Our team is composed of professionals with international education and experience. The firm frequently works on a non-exclusive basis with leading international law firms on large cross-border transactions.

PRK Partners is consistently recognised among the top law firms by leading international and domestic directories and ratings agencies and has been honoured with numerous awards: 

• National Law Firm of the Year 2016 by the Chambers Europe Awards, the most prestigious international law firm competition. This is the fifth award PRK Partners has received since the awards were first given; National Law Firm of the Year 2014, 2013 and 2010 and Law Firm of the Year 2012 for Best Client Service.

• 2018 Best Law Firm of the Year in the category of Banking &Finance and the absolute winner in the main category of the Domestic Law Firm of the Year awards organised by epravo.cz under the auspices of the Czech Bar Association three times since the award's inception (in 2016, 2013 and 2011).

• a finalist of the Central European Law Firm of the Year category in The Lawyer European Awards 2018. 

The firm has a strong commitment to corporate social responsibility and pro bono work.

PRK Partners is the exclusive member firm in the Czech Republic for Lex Mundi, the world’s leading network of independent law firms, with in-depth experience in 100+ countries worldwide. In addition, the firm is a member of Celia Alliance, AFI (Association for Foreign Investment) and CVCA (the Czech Private Equity and Venture Capital Association).

Firm's website: www.prkpartners.com

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