Czech Republic/Slovakia: Schoenherr advises Blackstone on EUR 470m acquisition of CT Real Estate/CONTERA Parks logistics parks portfolio from TPG Real Estate and Contera

In addition to assisting with the negotiation of the purchase agreement with the sellers, Schoenherr provided extensive advice on the commercial and real estate law aspects of the transaction, including legal due diligence of the portfolio.

"We were thrilled to support Blackstone on this major transaction, which is one of the largest real estate transactions this year in the Czech and Slovak markets as well as the wider CEE region," said partner Vladimír Čížek, who co-led the legal team.

Blackstone is the world's largest alternative asset manager with more than USD 1.1tn in assets under management. Its global investment strategies focus on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries and hedge funds.

Established in 1992, TPG is a leading global alternative asset manager with USD 239bln in assets under management.

Contera, founded in 2009, is a developer and an investment group focusing on commercial properties in the Czech Republic and Slovakia.

The Schoenherr team advising on the transaction was co-led by Vladimír Čížek (partner) and Jiří Marek (senior attorney at law), and further consisted of Petr Korál (senior attorney at law), Jan Kupčík (senior attorney at law), Otakar Fiala (counsel), Sebastian Špeta (attorney at law), Kristýna Zmatlíková (attorney at law), Pavel Bederka (attorney at law), Kateřina Lehečková (attorney at law), Natálie Dubská (associate), Karolína Hlavinková (associate), Aleš Procházka (associate), Soňa Hekelová (partner), Zuzana Hnátová (counsel), Michal Lučivjanský (partner), Peter Devínsky (counsel), Ján Farbiak (attorney at law), Tomáš Šilhánek (attorney at law), Marek Fuchs (associate), Matúš Vajči (associate), Taťána Adamová (associate) and Maria Gabriella Manzone (associate).

The buyer was represented by Simpson Thacher & Bartlett LLP (as lead counsel), while the sellers were represented by White&Case and Talers