bpv Legal | Czech Republic advised IMMOFINANZ on the sale of the Airport Business Centre in Prague to JET Investment fund

03 January 2022. bpv BRAUN PARTNERS provided comprehensive legal advice to IMMOFINANZ on the sale of the Airport Business Centre office building to JET Investment fund. Legal services included support during the due diligence, drafting and negotiation of the transaction documentation and closing of the transaction. The real estate team providing the legal advice to the client consisted of partners Miroslav Dudek and Gabriela Špak Porupková. The transaction was closed on 21 December 2021. The parties decided not to disclose the value of the transaction.
Airport Business Centre is located directly at Vaclav Havel Airport Prague and offers approx. 14,500 sqm of flexible and quality office and retail space.

Immofinanz is a commercial real estate group whose activities are focused on the retail and office segments of seven core markets in Europe: Austria, Germany, Poland, Czech Republic, Slovakia, Hungary and Romania. The core business covers the management and development of properties, whereby the STOP SHOP (retail), VIVO! (retail) and myhive (office) brands represent strong focal points that stand for quality and service. The real estate portfolio has a value of approx. EUR 4.9 billion and covers more than 210 properties. IMMOFINANZ is listed on the stock exchanges in Vienna (leading ATX index) and Warsaw.

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.