Clifford Chance

Clifford Chance advises Commerz Real on the disposal of Charles Square Center

Clifford Chance has advised Commerz Real AG in relation to the sale of Charles Square Center to a closed-end European real estate fund represented by KGAL Investment Management.

Charles Square Center is located at a corner of Charles Square in Prague's central area. It offers over 20,000 square meters of office and retail space including an underground area for bicycles and 150 parking spaces.

Commerz Real is a real estate investor and member of Commerzbank Group managing assets of approximately EUR 35 billion value. The company specialises in real assets and helps investors, institutional clients and businesses to develop tailor-made solutions for wealth creation and capital expenditure funding.

"It was a pleasure to work with Clifford Chance and we have been very pleased with their advice and legal management of the transaction!" comments Dirk Schilo, Senior Legal Counsel at Commerz Real, in reaction to Clifford Chance's performance.

The team was led by Prague's Real Estate Partner Emil Holub and Counsel Aneta Disman. They were primarily supported by Junior Lawyers Ondřej Dolenský and Jan Christelbauer.