Lidl’s Acquisition Of Czech Land Bank From Kaupthing

CMS has advised Kaupthing on the deal, while Schoenherr advised Lidl.

Kaupthing sold a large land bank surrounding the D5 highway near Pilsen to German retail chain Lidl. As a prospective development site, the land could house one of the largest logistics parks in the Czech Republic. 

The land, with a total area of more than 1,371,000 sqm, is one of the last few consolidated areas in the Czech Republic designated for the development of a prime logistics park and is strategically located just off the D5 highway between Pilsen and the German border. More than 474,000 sqm of the area can be used for the construction of industrial and logistics space. 

The CMS Prague team advising Kaupthing was led by Helen Rodwell (Picture) and included partner Lukas Hejduk (Real Estate) and associates Tristan O’Connor, Frances Gerrard and Lukas Reichmann (Corporate); Michal Samek (Real Estate); and Hana Ricankova (Banking & Finance).

Schoenherr’s team consisted of Partner Martin Kubanek, Attorneys-at-Law Viktor Pakosta and Eva Purgerova, and Associates Lenka Kubicka and Jachym Bem.

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Involved fees earner: Frances Gerrard – CMS Cameron McKenna Nabarro Olswang LLP; Lukáš Hejduk – CMS Cameron McKenna Nabarro Olswang LLP; Tristan O’Connor – CMS Cameron McKenna Nabarro Olswang LLP; Lukas Reichmann – CMS Cameron McKenna Nabarro Olswang LLP; Hana Ricankova – CMS Cameron McKenna Nabarro Olswang LLP; Helen Rodwell – CMS Cameron McKenna Nabarro Olswang LLP; Michal Samek – CMS Legal; Jáchym Bém – Schoenherr; Martin Kubanek – Schoenherr; Lenka Kubicka – Schoenherr; Viktor Pakosta – Schoenherr; Eva Purgerova – Schoenherr;

Law Firms: CMS Cameron McKenna Nabarro Olswang LLP; CMS Legal; Schoenherr;

Clients: Kaupthing hf; Lidl Ltd;

Author: Federica Tiefenthaler