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.