Bond advises an international real estate investor on the financing of the acquisition of an office park in Prague
Bond advises an international real estate investor on the financing of its acquisition of the Avenir Business Park in Prague, Czech Republic.
The 25,600 m2 office estate is located in the Prague 5 district, right between the city centre and Vaclav Havel International Airport. The offices are rented out for a long period of time to a number of different international merchant banks, an international restaurant chain and several other internationally operating companies.
The acquisition for a purchase price of approximately EUR 79 million is structured as an equity transaction. The buyer is an international real estate investor which is primarily active in Central and Eastern Europe. The Dutch parent company of this international real estate investor, acquired the shares in a Czech company as the direct owner of Avenir Business Park.
The financing for this acquisition was provided by a Czech bank part of an international financial group.
On this transaction, Bond joined forces with a Prague-based boutique firm.
