W&P represented Palmer Capital in the acquisition of the Bang & Olufsen factory in Koprivnice

by   Wilsons
2014-04-18   15:34
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Wilson & Partners represented Palmer Capital in the acquisition and subsequent lease-back of the Bang & Olufsen factory in Kopřivnice. The site comprises of 170,000 sqm of land and 18,000 sqm of production and warehousing facility, with the possibility of future expansion. The value of the transaction was EUR 11,500,000, the lease term is 15 years. The negotiations and due diligence started just before Christmas 2013 and continued over the holidays so that the closing took place at the beginning of 2014. This transaction was one of the first of its kind under the New Civil Code in the Czech Republic. The Wilson & Partners legal team was composed of Alan Španvirt, Bryan Wilson and Monika Kajánková.