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Clifford Chance and Tomsa & Spol Advise on Sale of Futurum Hradec Kralove Shopping Center

Clifford Chance and Tomsa & Spol Advise on Sale of Futurum Hradec Kralove Shopping Center

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Clifford Chance has advised CPI Property Group on its acquisition of the Futurum Hradec Kralove shopping center from Meyer Bergman, a privately held real estate investment management firm. Meyer Bergman was represented by Tomsa & Spol.

The transaction was approved by the Czech Competition Office on March 23, 2018.

CPI Property Group (CPI) is a Luxembourg-based real estate group concentrating on long-term investments, predominantly in Central Europe and Germany. 

CPI is one of the largest owners of retail properties in the region, with more than twenty shopping centers located in the Czech Republic, Poland, Hungary, and Romania. The group has an asset value of approximately EUR 7.5 billion. The majority shareholding in CPI is held by Radovan Vitek, a private individual residing in Switzerland.

Located in the central Czech town of Hradec Kralove, the Futurum shopping center opened in 2000 and offers visitors 110 stores anchored by a Tesco hypermarket over a total floor area of 35,000 square meters. Reconstructed and modernized in 2011-2012, the mall also houses a multiplex cinema. 

According to Clifford Chance, “the acquisition highlights the continuing flow of Czech capital into commercial real estate, for since the beginning of this year, the ownership of at least eight office and business centers has changed hands, with the buyers, with only one exception, being from the Czech Republic.”

The Clifford Chance team advising on the transaction was led by Real Estate Partner Emil Holub with Senior Associate Aneta Sosnovcova. The team also included Junior Associates Klara Hrdlickova and Matej Kucera.

The Tomsa & Spol team included Partner Robert Zugar and Senior Associate Petr Fryc. 

 

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.

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