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Deal Date: 24-07-2013 Practice Area: Real Estate
Deal Title: Aberdeen Asset Deutschland sale of "The Park", Prague Industry: Real Estate Investment & Services
Description:
The Prague real estate team advised Aberdeen Asset Management Deutschland AG on the monumental sale of "The Park", the pre-eminent office park in Prague, to an affiliate of Starwood Capital Group. This constitutes the largest office investment transaction in the Czech Republic ever. The office complex, built by developer AIG Lincoln, has 116,000 square metres of leasable area and ranks among the largest in the country. Among the companies which have offices at this premium address are Accenture, Dell, DHL, IBM, NIKE, Samsung and Sony. This particularly sophisticated transaction involved acting on behalf of three German open-ended funds selling a complex of 9 buildings vested in 5 limited liability and 4 limited partnerships.
Financial Center: Prague Value: 0.00-0.00
Advised Party: Seller Law Firm
Real Estate Jurisdiction Czech Republic Purchaser Jurisdiction Czech Republic
Classification: Real Estate Acquisitions and Disposals Office
Lawyer Emil Holub