Reals has advised Fio Financial Group's investment company on Fio Real Estate Fund's EUR 31.3 million acquisition of the Rohan Business Center office building in Prague from Reico CS Nemovitostni. Wilsons advised the seller.
According to Reals, the Rohan Business Center in Prague-Karlin is located near the Krizikova station on metro line B. An eight-story building from 2012 with a total area of approximately 9,434 square meters, it has 100 underground parking spaces.
Collective investment fund Fio Real Estate Fund is a retail real estate fund primarily focused on commercial real estate investments in the Czech Republic and Slovakia.
Ceska Sporitelna subsidiary Reico is a Czech investment company operating in the Central Europe region.
"The disposal of the Rohan Business Center proves the liquidity of our real estate portfolio at existing valuations, helps in optimizing our sector allocation, and provides additional funds for future acquisitions," Reico CEO Tomas Jandik commented.
The Reals team included Partner Miroslav Dudek and Attorney-at-Law Filip Balousek.
The Wilsons team was led by Partner Alan Spanvirt and Attorney-at-Law Juraj Piatka.