Allen & Overy has advised Vseobecna Uverova Banka on the sale and leaseback of its real estate portfolio to the Czech Republic's Franco Real Estates s.r.o. Stanek Vetrak & Partneri advised Franco Real Estate on the deal, which was signed on June 12, 2019, and closed on October 7, 2019.
Allen & Overy reports that the deal was structured as an asset sale and followed a lengthy auction process with multiple bidders, and that the final portfolio consisted of over 300 individual properties in more than 60 locations across Slovakia.
The Allen & Overy team was led by Partner Martin Magal and included Associate Drahomir Siroky and Junior Associate Michaela Nemethova.
The Stanek Vetrak & Partneri team included Partner Peter Vetrak and Senior Lawyers Nina Vargova and Jan Sopiak.