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Clifford Chance and Wilsons Advise on Cromwell and Linkcity Partnership

Clifford Chance and Wilsons Advise on Cromwell and Linkcity Partnership

Czech Republic
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Clifford Chance has advised the Cromwell Property Group on its entrance into a strategic partnership with Linkcity to invest in the roll-out of a portfolio of logistics and light industrial assets in Central and Eastern Europe. Linkcity was advised by Wilsons.

According to Clifford Chance, the portfolio targets an eventual gross asset value of EUR 500 million. The assets, representing more than 25 percent of the portfolio (by value), have already been identified: the first is an 8,000 square meter logistics building in Hradec Kralove, around 100 kilometers east of Prague. The facility is already 88 percent pre-let and due to be completed in summer 2018.

The larger second and third assets to be part of the portfolio, which cover a combined 180,000 square meters, are currently also seeking pre-let commitments.

Linkcity is a member of Bouygues Construction, a global construction company. Bouygues affiliate companies Linkcity and VCES will be responsible for the project development, design, and construction of the portfolio, while Cromwell will source investment funding and subsequently provide asset management services upon the completion of each project.

The Clifford Chance team was led by Prague Partner Emil Holub with Senior Associate Milan Rakosnik. The team also included London-based Partners Ian Painter and Sandy Hall and Associate Tom Ward and Prague-based Associates Josef Lysonek, Tereza Rehorova, and Ludvik Ruzicka.

The Wilsons team consisted of Partners Bryan Wilson and Robert Danis and Associate Zuzana Bury.

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/

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