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Dentons and Clifford Chance Advise on Sale of Czech Residential Real Estate Portfolio

Dentons and Clifford Chance Advise on Sale of Czech Residential Real Estate Portfolio

Czech Republic
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Dentons and Simpson Thacher have advised Round Hill Capital and Blackstone Tactical Opportunities on the sale of a EUR 1.3 billion residential real estate portfolio in the Czech Republic to Swedish real estate company Heimstaden Bostad AB, which was advised by Clifford Chance. 

According to Dentons, “the portfolio, owned and operated by Residomo, is the largest privately held residential portfolio in the Czech Republic. It consists of approximately 4,515 assets with 42,584 residential units and 1,675 commercial units in the city of Ostrava and surrounding Moravia-Silesia region.”

The Dentons team included Prague-based Partners Evan Lazar, Stewart Middleman, and Marketa Tvrda.

The Clifford Chance team was led by Partner Emil Holub and included Senior Associate Milan Rakosnik and Associate Josef Lysonek.

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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.

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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.

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