Sale of The Park (12 buildings over 116,000 sq m), Prague

Award: Investment Deal of the Year, CEE
Name of deal: Sale of The Park (12 buildings over 116,000 sq m), Prague
Value of the transaction: .
Yield: .
Seller, plus brief information about the company: Aberdeen Asset Management Deutschland AG, an international investment management group
Consultancy which advised Seller: Cushman & Wakefield, Clifford Chance and KPMG
Purchaser, plus brief information about the company: Starwood Capital Group, a leading global private investment firm
Consultancy which advised Purchaser: Dentons and PWC
Financing institution: Deutsche Pfandbriefbank (pbb) and Helaba
Please say why this deal should be considered for the award: The sale of The Park is the largest office deal ever in the Czech Republic. It is a complex of 12 office buildings over 116,000 sq m located in the major business district Prague 4. The complex features generously landscaped parks and offers a broad spectrum of services ranging from medical to childcare and gym facilities. This deal demonstrates the continuing return to form for the country in 2013. Completing a deal of this magnitude and complexity shows that international buyers and banks are committed to the market and can see the stability and value that the Czech Republic offers. The marketing process undertaken was of exceptionally high standard and elevated the profile of the deal to new sources of global capital for the CE region.


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