Fri, May
46 New Articles

CMS and White & Case Advise on Revetas' Portfolio Disposal to CMN

CMS and White & Case Advise on Revetas' Portfolio Disposal to CMN

Czech Republic
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

CMS has advised Revetas on the successful disposal of the remaining assets of its Revetas Capital Fund II’s Project Papa office portfolio in Prague to Ceskomoravska Nemovitostni. White & Case advised CMN on the deal.

According to CMS, “Revetas sold the three remaining buildings with a total gross leasable area of approximately 33,000 square meters, located in close proximity of each other in the Karlin neighborhood of Prague’s 8th district.”

As reported by CEE Real Estate Matters, one of the four assets initially comprised in the portfolio, BBC Vila, had previously been sold to the Passerinvest Group. The three remaining buildings are located in close proximity of each other in the Karlin neighborhood of Prague’s eighth district and were acquired by local real estate group Ceskomoravska Nemovitostni. Of the three buildings, one was the Corso Karlin building, initially built as an industry hall in 1890 and was subsequently repurposed to office use by architects Ricardo Bofill Levi and Jean Pierre Carniaux. The two other assets, Apeiron and Zirkon, were designed by the Czech architect Vaclav Aulicky.

CMS’s team included Partner Libor Prokes and Lawyers Pavel Srb, Ivana Lobotkova, and Andrea Haushalterova.

White & Case's team included Partners Petr Panek and Vaclav Kubr, Local Partners Karel Petrzela and Tomas Scerba, and Associates Barbora Vaculova, Lucie Zanaskova, and Petra Zunova.

Czech Republic Knowledge Partner

PRK Partners, one of the leading Central European law firms, has been helping clients achieve their business objectives almost 30 years. Our team of lawyers, based in our Prague, Ostrava, and Bratislava offices, has a unique knowledge of Czech and Slovak law and of the business environment. Our lawyers studied at top law schools in the United States, United Kingdom, Switzerland and elsewhere. They also have experience working for leading international and domestic law firms in a number of jurisdictions. We speak your language, too. Our legal team is fluent in more than 15 languages, including all the key languages of the region.

PRK Partners has one of the most experienced legal teams on the market. We are consistently rated as one of the leading law firms in the region. We have received many significant honours and awards for our work. We represent the interests of international clients operating in the Czech Republic in an efficient way, combining local knowledge with an understanding of their global requirements in a business-friendly approach. We are one of the largest law firms in the Czech Republic and Slovakia. Our specialised teams of lawyers and tax advisors advise major global corporations as well as local companies. We provide comprehensive legal advice drawing on our profound knowledge of local law and markets.

Our legal advice delivers tangible results – as proven by our strong track record. We are the only Czech member firm of Lex Mundi, the world's leading network of independent law firms. As one of the leading law firms in the region, we have received many national and international awards, in some cases several years in a row. Honours include the Chambers Europe Award for Excellence, The Lawyer and Czech and Slovak Law Firm of the Year. Thanks to our close cooperation with leading international law firms and strong local players, we can serve clients in multiple jurisdictions around the globe. Our strong network means that we can meet your needs, wherever you do business.

PRK Partners has been repeatedly voted among the most socially responsible firms in the category of small and mid-sized firms and was awarded the bronze certificate at the annual TOP Responsible Firm of the Year Awards.

Our work is not only “business”: we have participated on a longstanding basis in a wide variety of pro bono projects and supported our partners from the non-profit sector (Kaplicky Centre Endowment Fund, Tereza Maxová Foundation, Czech Donors Forum, etc.).

Firm's website: www.prkpartners.com

Our Latest Issue