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Clifford Chance and Dentons Advise on Sale of Visionary Office Building in Prague

Clifford Chance and Dentons Advise on Sale of Visionary Office Building in Prague

Czech Republic
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Clifford Chance has advised CA Immobilien Anlagen AG on its EUR 68 million acquisition of Visionary, an A-class office building in Prague. The seller, Skanska, was represented by Dentons.

The Visionary project was completed in April 2018 and features 23,000 square meters of gross leasable area. Located in Prague 7, which Clifford Chance describes as "one of the most dynamically developing districts in Prague,” the building is currently around 91% occupied with tenants such as Accenture, Business Link, and WMC/ACTUM Digital.

On closing the transaction, Ingo Steinwender, Group Head of Legal Affairs of CA Immo, commented: "Following the purchase of the office complex Campus 6.1 in Bucharest earlier this year, the acquisition of this landmark building in the emerging district Prague 7 – (Holesovice), with great future development potential, is the next step in the expansion of our CEE core portfolio."

The Clifford Chance team advising on the transaction was led by the Prague office's Head of Real Estate Emil Holub, with Senior Associate Milan Rakosnik acting as executive lawyer. The team also included Junior Associates Josef Lysonek and Matej Kucera.

Dentons’ Prague team included Partners Jiri Strzinek and Marketa Tvrda and Associate Jakub Karfilat. 


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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