CBRE Global Investors’ EUR 55 Million Acquisition Of The Office Building Praga Studios

Clifford Chance advised in connection with the sale of the office center Praga Studios in Prague’s Karlín district.

Skanska, the original owner, has sold the building to a client of CBRE Global Investors for EUR 55 million.

Praga Studios offers a total leasable area of around 12,000 square meters and is fully leased by Edwards Lifesciences, a leading global medical equipment company and other tenants including a co-working operator and IT companies. The building contributes to the local community with a publicly accessible lobby designed to host concerts, theatres or art exhibitions and with a community garden that offers a place for gardening and relaxation to the neighbourhood. The property is expected to receive LEED Platinum and WELL Core & Shell certifications. The building was completed in the second quarter of 2019.

CBRE Global Investors is one of the world’s leading real asset investment managers. Built up over more than 40 years, its platform gives institutional clients access to real estate and infrastructure in the Americas, Europe and Asia Pacific.

The Clifford Chance team advising on the sale was led by Emil Holub (Picture), real estate Partner together with a Senior Associate Aneta Disman (formerly Sosnovcová) acting as executive lawyer. The team further comprised of Junior Lawyer Matej Kucera.

Involved fees earner: Aneta Disman – Clifford Chance; Emil Holub – Clifford Chance; Mat?j Ku?era – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Cbre Global Investors;