04
Mon, Jul
42 New Articles

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

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

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

PRK Partners, one of the leading Central European law firms, has been helping clients achieve their business objectives almost 30 years. Our team of lawyers, based in our Prague, Ostrava, and Bratislava offices, has a unique knowledge of Czech and Slovak law and of the business environment. Our lawyers studied at top law schools in the United States, United Kingdom, Switzerland and elsewhere. They also have experience working for leading international and domestic law firms in a number of jurisdictions. We speak your language, too. Our legal team is fluent in more than 15 languages, including all the key languages of the region.

PRK Partners has one of the most experienced legal teams on the market. We are consistently rated as one of the leading law firms in the region. We have received many significant honours and awards for our work. We represent the interests of international clients operating in the Czech Republic in an efficient way, combining local knowledge with an understanding of their global requirements in a business-friendly approach. We are one of the largest law firms in the Czech Republic and Slovakia. Our specialised teams of lawyers and tax advisors advise major global corporations as well as local companies. We provide comprehensive legal advice drawing on our profound knowledge of local law and markets.

Our legal advice delivers tangible results – as proven by our strong track record. We are the only Czech member firm of Lex Mundi, the world's leading network of independent law firms. As one of the leading law firms in the region, we have received many national and international awards, in some cases several years in a row. Honours include the Chambers Europe Award for Excellence, The Lawyer and Czech and Slovak Law Firm of the Year. Thanks to our close cooperation with leading international law firms and strong local players, we can serve clients in multiple jurisdictions around the globe. Our strong network means that we can meet your needs, wherever you do business.

PRK Partners has been repeatedly voted among the most socially responsible firms in the category of small and mid-sized firms and was awarded the bronze certificate at the annual TOP Responsible Firm of the Year Awards.

Our work is not only “business”: we have participated on a longstanding basis in a wide variety of pro bono projects and supported our partners from the non-profit sector (Kaplicky Centre Endowment Fund, Tereza Maxová Foundation, Czech Donors Forum, etc.).

Firm's website: www.prkpartners.com

Our Latest Issue