Real Estate
Europe Guide 2024 : Czech Republic
Band 2
Contact number
+420 296 798 111About
Provided by CMS
Our Prague Real Estate and Construction team consists of highly experienced specialists with an in-depth knowledge of the local business environment and current market developments, and we have a strong reputation among both foreign investors and Czech sector players.
We offer the benefit of long-standing experience in the real estate market, having advised on some of the biggest logistics, office and retail transactions in the country, as well as Central and South Eastern Europe. In an increasingly unpredictable property market, we can advise you on complex cross-border property portfolio sales and acquisitions and provide industry-specific advice on matters such as leasing agenda, construction and development projects and construction litigation.
Through decades of experience of doing deals locally and across Europe we can deploy specialist teams to support clients immediately, irrespective of where their real estate assets are in the region. We also are very experienced at working with the CMS funds and corporate teams, as well as our colleagues in other practice groups; we frequently support clients with the launching or operating of their real estate funds or setting up real estate related joint ventures. This approach means we can support clients on the full spectrum of advice needed including tax, planning, debt financing, construction and management issues in addition to their traditional real estate portfolio and property management work.
Chambers Review
CMS is a wide-ranging practice assisting with significant cross-border mandates for prominent investors. The firm is well practised in the full range of property instructions, from sales and acquisitions to leasings and joint ventures. CMS's offering also includes assistance with industrial development work. The team often represents significant real estate investors, including retail funds, and also boasts an impressive list of corporates as clients.
Work Highlights
- CMS advised Bluehouse on the sale of a partially developed brownfield site in Ostrava to CTP.
Strengths
Provided by Chambers
"With CMS the service is perfect - there is flawless cooperation and they always deliver on time."
"With CMS the service is perfect - there is flawless cooperation and they always deliver on time."
Notable Practitioners
Lukáš Hejduk handles local and cross-border real estate sales and purchases, as well as advising on development matters.
"Lukáš Hejduk is a very pragmatic lawyer who can keep a difficult deal together."
Libor Prokeš advises international investors on the acquisition and development of real estate, primarily logistics assets. He additionally assists with joint ventures in the sector.
"Libor Prokeš listens to the commercial rationale and goals for a transaction and implements them. He is able to deliver and work independently, yet also remain proactive."