INDUSTRY
Real Estate
& Construction
PRK is well established in the real-estate and construction sector. Our real estate team, comprised of over 30 practitioners, regularly helps major developers, landlords and banks. We benefit from being a local firm that understands the regulations affecting the industry in our region.
We believe in working with our clients throughout the entire lifecycle of real-estate projects. This commitment delivers results. We advise on matters relating to development, land use and permissions, commercial leasing and asset management, infrastructure, construction, environmental regulations, financing and sale. Our industry knowledge in real estate extends beyond our dedicated real estate lawyers to the experts in our Finance department, who can help with securing project and development financing.
References
Assisted Holcim (now LafargeHolcim) in connection with the divestment of their Czech operations to Cemex, including a cement plant, 17 ready-mix concrete sites and four aggregates sites. The transaction forms part of a series of transactions also involving Holcim's acquisition of Cemex's operations in Western Germany and Cemex's acquisition of certain assets of Holcim in Spain. In this connection we also represented the Holcim group in merger approval proceedings before the Czech antitrust authority.
We provide ongoing legal advice to Komerční banka on its financing of an extensive residential development project in Prague known as the British Quarter, consisting of an extensive residential complex and related infrastructure. The project is being carried out by FINEP HOLDING and Ungelt Services.
We advised Galerie Butovice, a Czech company from Cromwell Property Group, a leading Australian property investment and funds management group, with respect to the construction and long-term lease of a new three-storey retail building in Prague to be fully let to Kika, a member of Steinhoff group, the second largest furniture retailer in the world.
