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Dentons advises Sebre on the sale of prominent DRN building in Prague

Company: Dentons Europe CS LLP, organizační složka

Dentons, the world’s largest law firm, advised Czech real estate developer Sebre on the sale of the DRN building to KGAL Investment Management, a German investment and asset management company. This is KGAL’s first investment in the Czech Republic.  The sale represents one of the highest yield real estate deals in the prime office segment in Central and Eastern Europe.

The multi-purpose building, designed by architect Stanislav Fiala and completed in 2017, is located in the heart of Prague.  It features prime offices, shops, a gallery and two restaurants on four underground and eight aboveground floors. It is considered one of the most impressive architectural achievements in Prague in recent years.

Dentons also advised Sebre on the leasing of the entire building, including on lease for the first WeWork co-working space in the Czech Republic.

Partner Jiří Stržínek, Co-head of the Real Estate practice in Prague, led the Dentons team, which consisted of associates Filip Svoboda and Filip Spina.

About Dentons

Dentons is the world's largest law firm, delivering quality and value to clients around the globe. Dentons is a leader on the Acritas Global Elite Brand Index, a BTI Client Service 30 Award winner and recognized by prominent business and legal publications for its innovations in client service, including founding Nextlaw Labs and the Nextlaw Referral Network. Dentons' polycentric approach and world-class talent challenge the status quo to advance client interests in the communities in which we live and work. www.dentons.com.

Tags: Law |

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