PRK Partners has assisted Moneta Money Bank, a.s., the fourth-largest banking institution in the Czech Republic, with respect to the relocation of its headquarters to new premises, covering 21,500 square meters in BB Centrum’s Building A in Prague.
The BB Centrum Building A is owned by the Passerinvest Group investment and development company.
PRK Partners describes the transaction as "an unusual transaction on the Czech market, where the tenant moved into a completely refurbished building rather than to new premises."
According to the firm, its work included, "in particular, full renegotiation of both the future lease agreement and lease agreement, preparation of contracts for work with the client’s suppliers, and legal support in all leasing and construction-related aspects of this complex transaction." The firm reports that "the transaction was successfully completed in December 2018 with Moneta Money Bank’s move to the newly-refurbished premises."
The PRK Partners team was led by Partner Roman Pecenka.