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CMS has a core focus on real estate transactions. The team advised Deka Immobilien on divesting the Panorama Business Centre and assisted Redside with purchasing four office buildings, which included the headquarters of Pfizer and BNP Paribas. Lukáš Hejduk is ‘businessoriented and easily accessible’ and, as cohead of the firm’s CEE hotels and leisure practice, has ‘expert knowledge of the hotel real estate sector’. Iveta Plachá is another key contact.

Clifford Chance’s team has been kept busy handling an impressive number of transactions, including advising Union Investment Real Estate on purchasing the remaining 10% stake in the Palladium Praha complex, making it the sole shareholder. Practice head Emil Holub, who is ‘a star’, assisted NE Property Coöperatief with purchasing a shopping centre by way of a share deal.

Dentons’ team is frequently instructed on headline transactions in the residential and commercial sectors. Highlights included advising Round Hill Capital on acquiring RPG Byty, a portfolio of 43,000 apartments, and subsequent refinancing. Its workload in the commercial space includes advising on the sale of the Florentinum complex, which Jiří Stržínek is handling for Penta. Michal Hink is advising AEW on the lease agreement for a prelet warehouse facility. Evan Lazar is cochairman of the firm’s global real estate practice.

Kinstellar s.r.o advokátní kancelář’s transactionfocused practice handled several substantial deals for private equity funds. The ‘clever and efficient’ Klára Štepánková advised Redside on the €63m purchase of a retail portfolio. The team also assisted W.P. Carey with the saleandleaseback of a logistics park, which marked the client’s first investment in the Czech Republic.

White & Case (Europe) LLP has impressive real estate financing and M&A capabilities. Petr Pánek advised a private client account managed by Palmer Capital on acquiring a portfolio of retail assets. Elsewhere, the team assisted Česká spořitelna with financing the development and longterm ownership and maintenance of the Šporkovský Palác, a historic building adjoining pedestrian and tourist areas in Prague city centre. Václav Kubr is another name to note.

Wilson & Partners v. o. s., advokátní kancelář handles acquisitions, divestments, leasing, joint ventures, mergers and structured finance. Clients include Ballymore Properties, Immofinanz and Deka Immobilien. Martin Bendík and Bryan Wilson are the names to note.

Achour & Partners advokátni kancelár, s.r.o. acts for clients across the public and private sectors. The group is representing the City of Plzeň in a dispute pertaining to the cancellation of a shopping centre development. Gabriel Achour and Tereza Fröhlichová are valued for their ‘professional expertise and handson experience’. They handled several matters for Trigema, including assisting with a twostage mixeduse development.

Allen & Overy has seen an uptick in transactions in the retail sector, including handling the sale of Freeport Leisure – owner of a fashion outlet centre – for Via Outlets. Magda Pokorná is the key figure.

bpv Braun Partners s.r.o.’s team has considerable environmental expertise and is adept at handling issues pertaining to heritage protection, soil pollution and environmental defects. Jiří Bárta advised Hornbach Baumarkt on constructing a greenfield site, which included assisting with the acquisition of land and obtaining occupancy permits.

Baker & McKenzie s.r.o., advokátní kancelář’s team routinely advises developers on construction projects. The team advised on the acquisition of land for the future development of an industrial park. David Šimonek is able to draw on his banking and finance experience to handle real estate financing for banks.

PRK Partners has been advising Akvo Praha on the construction of a mixeduse development above a subway station, which includes handling negotiations with the municipal transport authority. Daniel Rosický heads the team.

Peterka & Partners is advising Skanska on several residential development projects, which includes assisting with land purchases, establishing easements and handling environmental issues. The group is also advising FC Viktoria Plzeň on the construction of new facilities at its stadium. Ondrej Dusek heads the practice.

Schoenherr Czech Republic stands out for its ‘experience in real estate and coverage of the CEE region’. Gabriela Porupková, who is ‘well connected in the real estate sector’, handled several sellside transactions for Triuva, including divesting a portfolio of office buildings to Redside. Martin Kubánek is ‘client- and solutionoriented’.

Weil, Gotshal & Manges LLP s.r.o. advokatni kancelar is well known for its contentious expertise in the construction space. It is representing its key client the Road and Motorway Directorate of the Czech Republic in construction disputes pertaining to alleged defects in the D47 highway. Karel Muzikar and Petr Severa are the key names.

Weinhold Legal’s ‘outstanding’ team advises Lagardere Group on expanding its retail brands – including Paul, Costa Coffee and Relay – in the Czech Republic, which includes handling lease agreements. Pav Younis is able to ‘see legal issues from the commercial point of view’.

DLA Piper Prague LLP’s practice head Jakub Adam is advising Regus on the leasing and fitout of serviced office centres. Counsel Eva Dobrohrušková is an ‘experienced’ figure. Thu Nga Haškovcová left to reestablish Haškovcová&Co.

Giese & Partner S.R.O.’s ‘excellent’ and ‘proactive’ team is at the forefront of real estate financing for German banks. Martin Holler advised Bayerische Landesbank and Landesbank HessenThüringen on the €500m acquisition financing of the Palladium shopping centre. On the transactional side, the firm handled the sale of an office building for Fitzwilliam Properties. Ernst Giese has ‘a professional approach’, and Jitka Sytařová is another name to note.

Havel, Holásek & Partners s.r.o.’s experience includes advising on real estate developments, greenfield investments, construction disputes and real estate transactions. Jaroslav Havel and Josef Hlavička are the key contacts.

rutland jezek, advokatni kancelar provides ‘an excellent’ level of service and ‘tothepoint’ advice. The team has extensive experience in commercial real estate and industrial development projects. Monika Rutland, who is ‘very visible in the market’, and Mojmír Ježek jointly head the team. ‘True expert’ Michael Novák is another name to note.

Squire Patton Boggs v.o.s., advokátní kancelář advised GE Real Estate on divesting of a 33% stake in the Explora Business Centre by way of a share deal, which also involved the repayment of existing intragroup financing. Radek Janeček is ‘a bright and quick strategist’. Jeff McGehee heads the practice.

Wolf Theiss’ ‘excellent’ team advised Hannover Leasing on the second phase of the sale of the Palladium Praha shopping centre. Other highlights included advising Goldman Sachs’ real estate investment vehicle on purchasing two hotels in the centre of Prague as part of a wider crossborder deal. Counsel Libor Prokeš is the key name.

Z/C/H Legal has notable leasing expertise in the retail sector and advises Intersport on longterm leases of shop premises. Radek Hladky and Jiri Ctibor are the practice coheads.

bnt | attorneysatlaw’s ‘flexible and professional’ team is a popular choice for developers. The group advised Trigema on acquiring land for residential development in Prague and Pilsen. Tomáš Běhounek has ‘an overall overview of the real estate market in Prague and is able to connect law to business’. Pavel Pravda is another name to note.

Balcar, Polanský & Spol’s team is ‘responsive, knowledgeable and efficient’. Ludmila Neustupná handled several leases for Microsoft, including negotiating a future lease agreement for Microsoft and Skype’s new headquarters in the country.

Bird & Bird s.r.o. advokátní kancelář’s real estate practice, which is best known for its litigation and leasing expertise. Vladimír Nyč moved to an in-house position in May 2017.

Dvorák Hager & Partners advised Grant Thornton on relocating its office in the Czech Republic, which included assisting with the lease negotiations. Stanislav Servus is the key name.

Glatzová & Co., s.r.o.’s practice spans real estate litigation and M&A mandates, as well as environmental matters. Martin Dančišin was part of a team assisting the Kovošrot Group with the sale of a brownfield site. Other clients include Eaton Group and Nevermore.

Kocián Solc Balastík advised Domus and RPG Property on the sale of an ownership interest in RPG Byty and facilities management company RPG Služby. VGP Group, a developer of logistics and industrial property, is also a key client. Jiří Horník and Václav Rovenský are the names to note.

Randa Havel Legal has notable strength handling infrastructure and construction projects, particularly in the industrial sector. Martin Řanda heads the team.

Taylor Wessing Czech Republic advised Linea Úbok on renegotiating lease agreements with tenants of its office and retail buildings in Prague. Erwin Hanslik and Markéta Cvrčková are the key names.

Badokh’s ‘very good’ team has notable expertise in real estate financings and development projects. Ondřej Hampl has ‘a deep knowledge of real estate law’ and Jakub Dostál is experienced in real estate finance.

CHSH Kalis & Partners s.r.o.’s practice head Pavel Široký regularly assists Tally Weijl with acquiring and leasing commercial properties and handles any property disputes that arise. The team recently advised CTP Group on purchasing land for use as an industrial park.

Konecná & Zacha handles leasing, financing and transactional mandates. Radka Konečná is the key name.

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Legal Developments in Czech Republic for Real estate and construction

  • Energy Performance Certificates

    Starting from 1 January 2013 the amendment to Act No. 406/2000 Coll., on Energy Management, as amended, has increased, to a significant extent, the obligations of developers, building owners, associations of housing unit owners and housing unit owners as well (i.e. owners of flats and non-residential premises) relating to the issue of so-called energy performance certificates. This instrument, which was first introduced in 2009 for new constructions or large scale reconstructions, should provide simple and transparent information about the energy consumption of a building by classifying it in a respective energy performance class, such asweknowit in the case of electrical appliances.
    - Alfery

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