29
Fri, Mar
51 New Articles

Clifford Chance and Dentons Advise on CBRE Global Investors Divestment of Retail Portfolio in CEE to CPI Property Group

Deals and Cases
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Clifford Chance's Prague office has advised CBRE Global Investors, a Fortune 500 real estate company with offices in more than 64 countries worldwide, on the sale of its high-quality retail portfolio in Central and Eastern Europe to CPI Property Group (CPI). Dentons advised CPI on the transaction, which is valued at over EUR 600 million and will see properties including 11 shopping centers change hands across the Czech Republic, Poland, Hungary, and Romania.

This transaction between CPI and CBRE Global Investors is subject to the approval of the antitrust authorities in the countries concerned, with the deal expected to close during the first quarter of 2017. Once concluded, according to Clifford Chance, it will be one of the biggest retail real-estate transactions ever to have been completed in the region.

The Prague-based Clifford Team team coordinated the work of Clifford Chance offices in Poland and Romania and a partner law firm in Hungary as well. The team was led by experienced real-estate Partner Emil Holub supported by Associate Aneta Sosnovcova.

The Dentons team was led by Partner Evan Lazar, Co-Chairman of the firm's Global Real Estate Group, supported by Partners Stewart Middleman and Counsel Marketa Tvrda in Prague. Dentons lawyers based in London, Budapest, Warsaw, and Bucharest also worked on the deal, including Partners Judit Kovari, Monika Sitowicz, Perry Zizzi, and Bogdan Papandopol, Of Counsel Marcell Szonyi, and Senior Associate Lukasz Zwiercan, among others. 

Editor's Note: After this article was published, the Szecsenyi and Partners law firm informed CEE Legal Matters that it had worked alongside Clifford Chance in advising on the Hungarian part of the transaction. The firm's team was led by Daniel Kellner.

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