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 Jiri Strzinek, Co-head of the Dentons real estate practice in the Czech Republic and included Counsels Jennifer Foss and Gary Maguire along with Associates Hana Hrbacova and Martin Mandulak.

Jiri Strzinek 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.”