CMS has advised Deka Immobilien GmbH on its EUR 460 million acquisition of a Czech logistics portfolio from the CTP Group.
The portfolio includes 36 modern buildings with a total leasable area of approximately 430,000 square meters. The CTPark Prague North properties are in a conventional logistics location, while the CTPark Teplice and CTPark Plzen industrial parks contain a mix of logistics and light industrial properties. The properties will be added to different funds, with CTPark Prague North added to the open-ended Deka-ImmobilienEuropa fund, CTPark Teplice added to the WestInvest TargetSelect Logistics sector fund aimed at institutional investors, and CTPark Plzen forming the starting portfolio for the new institutional fund Deka Immobilien Fokus Logistik Tschechien.
The CMS team advising Deka included Partners Lukas Hejduk and Libor Prokes, Senior Associate Pavel Srb, Associates Jaroslav Lepka,Tereza Maternova, Michal Samek, Magda Nemcova, Petr Koral, and Ivana Lobotkova, Lawyers Lucie Zanaskova, Chmielova Lenka, Marketa Skvorova, Lukas Reichmann, Pavel Kocian, and Barbora Sevcikova, and Paralegals Andrea Haushalterova, Huyen Vuova and Frantisek Fiala.
The White & Case team advising CTP consisted of Partner Petr Panek, Local Partner Vaclav Kubr, and Associates Karel Petrzela and Marianna Galusova.
