J&T Banka’s CZK2.1 Billion Acquisition of Rustonka Development II

J&T Banka's CZK2.1 Billion Acquisition of Rustonka Development II

Kocian Solc Balastik advised J&T Banka on the deal. Clifford Chance advised Gramexo.

As reported in CEE Legal Matters and in others online publications J&T Banka completed a CZK2.1 billion acquisition of Rustonka Development II, which owns the Rustonka office building in Karlin, Prague, with over 17,900 square meters of leasable area.

The eight-storey building has 30,000 square meters of gross floor area and currently accommodates 750 people. The costs for the construction and equipment of the building are estimated at CZK 1.2 billion. Part of the office building is a spacious workcafé designed for informal meetings, fitness room or a bicycle-storage facilities. There is also a car wash in the underground garages and thirty chargers are available for electric car drivers. 

The KSB team included Partner Jiri Hornik (Picture), Senior Associate Josef Kriz, and Junior Associates Filip Sperl, Lukas Weiss, and Ondrej Siska.

The Clifford Chance team was led by Prague Real Estate Partner Emil Holub and Counsel Aneta Disman, supported primarily by Junior Lawyer Ondrej Dolenský.

Involved fees earner: Aneta Disman – Clifford Chance; Ond?ej Dolenský – Clifford Chance; Emil Holub – Clifford Chance; Jiri Hornik – Kocián Šolc Balaštík (KSB); Josef Kriz – Kocián Šolc Balaštík (KSB); Ondrej Siska – Kocián Šolc Balaštík (KSB); Filip Sperl – Kocián Šolc Balaštík (KSB); Lukas Weiss – Kocián Šolc Balaštík (KSB);

Law Firms: Clifford Chance; Kocián Šolc Balaštík (KSB);

Clients: Gramexo; J&T Banka, a.s.;

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Author: Ambrogio Visconti