Clifford Chance advised LCN Capital Partners (LCN) on sale and lease back acquisition of a portfolio consisting of 11 car showrooms located in the Czech Republic and Slovakia and related financing obtained from UniCredit Bank Czech Republic and Slovakia, a.s.
LCN Capital Partners is a leading real estate investment firm that specializes in originating primary sale-leaseback built-to-suit transactions and managing its commercial real estate properties leased to leading companies in their respective industries. LCN delivers a long-term solution for its tenant-clients by providing a non-bank capital resource, efficient monetization of on-balance sheet real estate, continued operational control of key assets, enhanced financial metrics, and potential tax benefits. Founded in 2011 by Edward V. LaPuma and Bryan York Colwell, LCN now manages nearly $7 billion in assets across several funds denominated in US Dollars, Euros, and Pounds Sterling.
"It's thrilling to be working with LCN on such exciting project as this transaction allows us to further enhance our experience across sectors and jurisdictions. We are glad we could contribute to the company's continued growth on the European market." said Emil Holub, partner at Clifford Chance.
The Clifford Chance team advising on the transaction was led by the Prague office's partner and head of real estate Emil Holub and counsel Milan Rákosník. The team further consisted of senior associate Tereza Řehořová, associate Josef Lysoněk and junior associates Šimon Dušek and Jan Christelbauer. The Slovak legal advice was provided by senior associate and a key member of the Slovak desk Stanislav Holec along with junior associate Dávid Herich.