bpv legal | Czech Republic advised J&T REAL ESTATE CZ on the sale of the Red Court building in Prague Karlín to BlackBird Real Estate

16 June 2022.
 bpv BRAUN PARTNERS advised J&T REAL ESTATE CZ, a.s. on the sale of the premium office project Red Court in Prague – Karlín. Legal services included due diligence support, preparation and negotiation of transaction documentation and closing of the transaction.

The exclusive tenant of the building, which was designed by the renowned CMC architects studio inspired by the atmosphere and history of the site, is the industrial-technology holding Czechoslovak Group (CSG), which concentrates its Prague staff here. bpv BRAUN PARTNERS has advised on this very matter in recent months.

The real estate team consisting of partners Gabriela Špak Porupková and Miroslav Dudek provided legal advice.

The building with 8 above-ground and 3 underground floors offers over 7,000 sqm of space, including a generous roof terrace, a bike room or showers – exactly according to the current trends in Karlin. In addition, it has been certified Leed Gold, the second highest award of the Leed standard, which assesses the environmental impact and sustainability of buildings.

J&T Real Estate is a developer dedicated to real estate projects that are interesting and extraordinary in their vision and architecture. They strive to implement solutions with superior utility value for local citizens, tenants and the surrounding environment. The emphasis is on design, materials and execution. All of this has made their projects – which include the Rustonka office complex or the Kampa residence – long-term profitable investments for more than a decade.

bpv BRAUN PARTNERS is one of the most important international law offices in the Czech Republic and Slovakia. It is also a founding member of bpv LEGAL, a close alliance of law firms that have worked together for many years in Central and Eastern Europe. Its team of 38 attorneys offers legal services across many different fields of law to clients including leading Czech, Slovak and international corporations. The main practice areas of bpv BRAUN PARTNERS include M&A, company law, real estate law and tax advice. Its specialists also provide services in intellectual property rights, IT, competition law and labour law, and represent clients before Czech, Slovak and German courts and arbitration tribunals. For more information, please see our website: www.bpv-bp.com.