Clifford Chance

Clifford Chance advises Mint Investments on the acquisition of Coral Office Park

Clifford Chance has advised an investment fund managed by Mint Investments Group in relation to the acquisition of Coral Office Park, a complex located in Prague 5 near the metro station Nové Butovice, from Portland Trust.

Coral Office Park comprises of four modern office buildings and one building serving as a restaurant that includes all amenities in close proximity – shopping centre Galerie Butovice, a number of restaurants and cafés, fitness centre, health centre and post office. Coral is the first office park in the Czech Republic to achieve WELL Health-Safety Rating, evidence-based, third-party verified accreditation focusing on operational policies, maintenance protocols, user engagement and emergency plans to address a post-COVID-19 environment, now and in the future.

Mint Investments Group is one of the leading real estate investors in the Central and Eastern Europe with range of projects including office, retail centres and residential properties.

Lukáš Schirl, Mint Investments' Partner, comments: “The project fits well with our strategy to acquire well located modern office schemes. These will benefit from future rental growth driven by fast growing construction costs and occupier demand for locations with easy access and developed infrastructure that is critical for occupier's ability to attract and retain quality staff combined with further technical improvements.”

The Clifford Chance team was led by Prague's Real Estate Partner Emil Holub and Counsel Aneta Disman. The financing part was handled by Associate Tereza Řehořová. The team was further supported by junior lawyers led by Ondřej Dolenský.