Clifford Chance has advised Commerz Real on its sale of Charles Square Center to a closed-end European real estate fund represented by KGAL Investment Management.
According to Clifford Chance, “Charles Square Center is located at the corner of Charles Square in Prague’s central area. It offers over 20,000 square meters of office and retail space including an underground area for bicycles and 150 parking spaces.”
Commerz Real is a real estate investor and member of Commerzbank Group managing assets of approximately EUR 35 billion in value. The company specializes in real assets and helps investors, institutional clients, and businesses to develop solutions for wealth creation and capital expenditure funding.
Clifford Chance’s team included Partner Emil Holub, Counsel Aneta Disman, and Junior Lawyers Ondrej Dolensky and Jan Christelbauer.
Clifford Chance could not provide additional detail on the transaction.