Clifford Chance has advised G City Europe Limited on the sale of the Arkady Pankrac shopping center to Trigea, a part of the Partners group. White & Case reportedly advised Trigea.
G City Europe Limited is an owner and operator of shopping centers and residential rental properties in Central Europe.
Trigea is a Czech real estate fund.
According to Clifford Chance, Arkady Pankrac is a major shopping center in Prague, spanning 38,700 square meters of retail gross leasable area and 1,030 square meters of office gross leasable area, with parking for 1,100 cars.
Back in 2023, Clifford Chance advised G City Europe on purchasing the remaining stake in Arkady Pankrac from Cura Vermoegensverwaltung (as reported by CEE Legal Matters on May 10, 2023).
The Clifford Chance team included Partner Emil Holub, Counsel Milan Rakosnik, Associate Josef Lysonek, and Junior Associate Simon Dusek.