PRK Partners Team Advised Enovis Corporation on Sale of 53,000 m2 Industrial Brownfield Near O2 Arena in Prague
PRK Partners team led by Jakub Lichnovsky, partner specialized on infrastructure and industrial projects, real estate and energy consisting of Rudolf Kozusnik, of counsel specialized on real estate, Jana Pekarova, real estate specialist, Robert Reiss and Jan Wagner provided comprehensive legal services to Enovis Corporation in relation to asset deal transaction – sale of 53,000 m2 industrial brownfield (former ČKD compressors) located in a lucrative area near multipurpose O2 arena in between Prague 9 and Prague 8.
PRK Partners as a lead counsel to the seller has been involved in preparation of the site for sale (performing sell-side due diligence, coordinating technical legal audit and other comprehensive services), drafting transaction documentation on asset sale, arranging for various warranty instruments, and extensive negotiation of commercial and legal terms. We appreciate cooperation with Colliers, real estate agents who handled commercial side of the deal with excellent knowledge of its potential and industrial background, Howden ČKD Compressors s.r.o., owner of the site led by Mr. Andrej Sovík, and congratulate to our client ENOVIS Corporation led by Mr. Dan Pryor and Kaprain Group represented by BBH on this important transaction, which, we hope, will bring future to Kaprain for many years to come.
Although the times on the Czech real estate market are impacted by inflation, higher interest rates and other issues, completion of CKD compressors transaction is a clear indication, that such transactions are not only possible, but needed. Those, who think of being the next winners should find the energy to grow during the times, which are tough.