Prague—Global law firm Dentons has advised ČSOB and UniCredit Bank Czech Republic and Slovakia on the financing of Aurelia, a Czech real estate fund, in connection with its acquisition of the companies owning the Trimaran and City Element office buildings in Prague’s Pankrác business district.
The transaction is one of the most significant real estate acquisitions on the Czech market this year. The two modern office buildings offer more than 28,000 sq m of leasable space. Both properties feature high sustainability standards, LEED Platinum certification, and are fully leased to a strong and stable tenant base.
Dentons advised the syndicate of financing banks on all legal aspects of the acquisition financing transaction.
Partner Ondřej Bartoň led the Dentons team, supported by Martin Fiala (Senior Associate) and Tomáš Husička (Associate). Partner Monika Kajanková and Michal Mazáček (Associate) advised on the due diligence.
“We are pleased to have been involved in this strategic acquisition and to have supported our long-standing clients in structuring and implementing the financing. The transaction reflects the continued appetite of banks to finance high-quality commercial real estate assets and underscores the attractiveness of prime office properties in the Czech market,” said Ondřej Bartoň, Partner at Dentons.
With the acquisition of the Trimaran and City Element office buildings, Aurelia has significantly expanded its portfolio of prime office properties and nearly doubled the value of its assets under management.
