22 January 2020
Clifford Chance advised P & O Netherlands B.V. on the sale of its shares in the business centre Technologický Park Brno
Clifford Chance Real Estate team advised P & O Netherlands B.V. on the sale of its 50% shares in the business centre Technologický Park Brno to the city of Brno for EUR 21,500,000. As a result, the city became the majority owner of the park.
Technologický Park Brno is a company that leases 60,000 square meters of office space to innovative companies and research institutions in Brno and has existed for over 20 years. Brno owns half of its shares from the beginning, the other half belonged to the Dubai-based P&O company, one share is held by the University of Technology in Brno.
Technologický Park Brno has at its disposal another 60,000 square meters for the construction of offices and another 60,000 meters is supposed to serve for housing according to the zoning plan.
Client commented on Clifford Chance performance: "The Clifford Chance team have worked tirelessly to get this transaction across the line. We truly appreciate their hard work, persistence and quality throughout this transaction."
The Clifford Chance team was led by Emil Holub, Real Estate Partner in Prague, supported primarily by Senior Associate Aneta Disman and Junior Lawyer Ondřej Dolenský.