Dentons’ Real Estate team advised pan-European investment fund, Europa Fund IV, managed by Europa Capital, on the acquisition of Hadovka Office Park, Prague for €43 million. Hadovka is a 25,000 sq.m. office building situated in a prominent position on the Evropska corridor in Prague 6.

The property offers a high quality but affordable environment for its tenants and includes many on-site facilities such as a restaurant, gym and café. It is 100 percent leased to a number of international and national tenants. Going forward Europa Capital will invest significant capital into the asset and will be seeking to optimize the tenant mix.

Resolution Capital Management Ltd, a specialist CEE Asset Management company owned by George Leslie, has co-invested in the project with Europa and will be providing asset management services to the Project.

German lender pbb Deutsche Pfandbriefbank provided a senior acquisition loan to the project.

The Dentons team was led by Jiří Stržínek, Co-head of the Dentons real estate practice in the Czech Republic and included Counsels Jennifer Foss and Gary Maguire along with Associates Hana Hrbáčová and Martin Manduľák.

Jiří Stržínek commented: “We are delighted to have assisted Europa Capital with this key and unique transaction which had various elements from an existing loan restructuring to a new acquisition financing. The Hadovka Office Park acquisition offers a very attractive location and will continue to be a great asset for Europa Capital going forward.”

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The Global Real Estate Group at Dentons, with nearly 600 professionals, is one of the largest dedicated global real estate teams among the world’s leading international law firms and is a market leader in Canada, the US, continental and Emerging Europe, the Middle East, Asia and Africa.  Dentons Global Real Estate team offers specific, industry sector advice in Real Estate Development and Construction, Real Estate Finance, and Real Estate Investment.

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