Sun, Feb
57 New Articles

Clifford Chance Advises Banks on Financing for Heimstaden Czech

Clifford Chance Advises Banks on Financing for Heimstaden Czech

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

Clifford Chance has advised a club of banks led by mandated lead arranger and sole global coordinator UniCredit Bank Czech Republic and Slovakia on their green and sustainability-linked long-term secured club financing for a Heimstaden Czech-owned residential portfolio in Ostrava and Pilsen.

The financing is guaranteed by Heimstaden Czech Pilsen and Sweden's Heimstaden Bostad. The lenders included arrangers Ceska Sporitelna, Ceskoslovenska Obchodni Banka, the European Bank for Reconstruction and Development, Intesa Sanpaolo, Komercni Banka, Raiffeisenbank, and Vseobecna Uverova Banka.

Heimstaden describes itself as a European residential real estate investor and manager with a mission to acquire and manage friendly homes focusing on sustainable and commercially outstanding operations.

According to Clifford Chance, the financing was provided in relation to a Czech residential portfolio located in Ostrava and Pilsen. “The funds will be used for liability management and to support sustainability investments such as thermal insulation, the installation of heat pumps, and a renewable fuel shift in Heimstaden Bostad's Czech residential properties.”

The Clifford Chance team included Partner Milos Felgr, Counsel Milan Rakosnik, Senior Associate Hana Cekalova, and Associates Ondrej Steco and Josef Lysonek.

Clifford Chance did not respond to our inquiry on the matter.

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