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Clifford Chance advises CBRE Global Investors on the acquisition of the office building Praga Studios

2 August 2019

Clifford Chance advises CBRE Global Investors on the acquisition of the office building Praga Studios

Clifford Chance advises 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.

Katarína Horváthová from CBRE commented on the Clifford Chance Prague performance: “We were delighted to be supported by their Real Estate team in Prague. They provided first class services and were also an excellent support throughout the whole transaction.”

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