Kocian Solc Balastik has advised the Passerinvest Group on its acquisition of Prague’s Gamma office project from Immofinanz. Wilsons advised the seller.
“With the purchase of the Gamma building, Passerinvest continues its strategy of acquiring office buildings in Brumlovka,” KSB informed. “Passerinvest plans to modernize the building in order to maintain office space of the highest quality.”
The Gamma building has a total area of 30,000 square meters of lettable space on ten floors.
The Passerinvest Group is a Czech development company constructing residential, administrative, and commercial buildings and complexes.
Immofinanz is a commercial real estate group whose activities are focused on the office and retail segments in Austria, Germany, Poland, the Czech Republic, Slovakia, Hungary, Romania, and the Adriatic region.
“I’m very pleased that we managed to get the Gamma building back in our portfolio,” Passerinvest Group CEO Radim Passer commented. “Gamma is a very timeless building, architecturally and technically speaking. This acquisition is part of our long-term strategy because we are developing the Brumlovka complex and we want to offer our customers, as well as the inhabitants of Prague, a beautiful and sustainable urban environment in a functioning city district with all the pertaining attributes.”
The KSB team included Partner Jiri Hornik, Counsel Ivo Prusa, Lawyer Jakub Porod, and Junior Lawyers Zuzana Slaba and Marek Hais.
The Wilsons team included Partners Martina Krakorova and Martin Bendik and Senior Lawyer Matej Kucera.