Clifford Chance has advised investment management firm Aberdeen Asset Management Deutschland on the sale of business centre Palác Anděl in Prague´s Smíchov-Anděl district for €57.8 million. The new owner of this 14 630 sq. m modern administrative building is LaSalle Investment Management, the global real estate investment company; the acquisition was made via its open European-owned real estate fund LaSalle E-REGI.
Palác Anděl was finalised in 2002 and consists of six above-ground and two underground floors, parking spaces and storage. Almost 80% of the premises represent office space, with 15% dedicated to retail; the property is nearly fully leased. Tenants include Pfizer, H&M, and Toyota.