20
Tue, Apr
63 New Articles

Allen & Overy Advises International Campus Group on The FIZZ Prague Project Development

Allen & Overy Advises International Campus Group on The FIZZ Prague Project Development

Czech Republic
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Allen & Overy has advised International Campus Group, a Munich-based specialist for micro-living products, on its expansion to the Czech Republic.

In a joint venture with the Czech project developer Karlin Group, International Campus purchased a project development opportunity in the Holesovice district of Prague consisting of 529 high-class student apartments. The parties agreed not to disclose the purchase price. The future "The FIZZ Prague" complex will boast a gross floor area of 16,529 square meters across eight floors. The opening is planned for the first quarter of 2020.

International Campus and the Karlin Group each hold a 50% stake in the joint venture. Once the building has been completed by the Karlin Group, International Campus will buy out the joint venture partner and place the property in a separate real property fund for institutional investors.

Allen & Overy has been advising International Campus for several years, recently in connection with the January 2017 development of "THE FIZZ Short Stay" — the company's first foray into the market for commercial living in Munich.

The firm's team in The FIZZ Prague deal was led by Frankfurt Partner Markus Kapplinger and included Counsel Nikolai Sokolov and Senior Associate Roman Kasten. They were assisted by Prague-based Senior Associate Magda Pokorna, Associates Jana Svarickova, Michael Havel, Pavel Prihoda, and Legal Assistant Petr Hotovec.

Allen & Overy did not reply to an inquiry about the deal. 

 

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/

Our Latest Issue