Practice Areas - Real Estate Law Firms and Lawyers
| 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.
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| Financial Center: | Prague | Value: | 0.00-0.00 |
| Advised Party: | Seller | Law Firm | Clifford Chance |
| Real Estate Jurisdiction | Czech Republic | Purchaser Jurisdiction | Czech Republic |
| Classification: |
Real Estate Acquisitions and Disposals Office |
Lawyer | Emil Holub |
