DLA Piper Prague has advised UniCredit Leasing, a subsidiary of UniCredit Bank, on the sale of a real estate portfolio held by the Baumax group. The sale constituted part of a debt restructuring process. The transaction was part of a larger sale of a real estate owned or used by Baumax.

Baumax operated a chain of DIY stores in the Czech Republic and, as a result of its decision to withdraw from the Central European market, it decided to sell its real estate portfolio.  Most of the properties will be purchased by Merkury Market, a Polish chain of DIY stores, which already operates in Poland and the Slovak Republic.

The transaction was led by Litigation & Regulation partner Petr Šabatka and Corporate senior associate Viktor Pakosta (both Prague).