Atrium Group Services Sells Atrium Flora to Max Realitni

Deal News | Mar 06, 2025 | CEE Legal Matters

Atrium Group Services Sells Atrium Flora to Max Realitni

Clifford Chance has successfully advised Atrium Group Services, a subsidiary of G City Europe, on the sale of the Atrium Flora shopping center, which is strategically positioned between Prague's Vrsovice and Vinohrady districts, to Max Realitni of the Redstone Group. The property, a significant commercial hub in the region, spans a total of 37,600 square meters, combining retail, office spaces, and notable amenities such as an IMAX cinema and substantial parking facilities. The legal team from Clifford Chance, comprising Partner Emil Holub, Counsel Milan Rakosnik, and Associate Simon Dusek, facilitated this transaction. BNT Attorneys are credited with advising Max Realitni. This sale represents a noteworthy transaction in the Czech Republic's retail and real estate sector.

Sectors

  • Real Estate
  • Legal Services
  • Retail

Geography

  • Czech Republic – The transaction revolves around Atrium Flora, located in Prague, the capital of the Czech Republic.

Industry

  • Real Estate – The article involves the sale of a significant commercial property, Atrium Flora shopping center, which is a real estate transaction.
  • Legal Services – Clifford Chance and BNT Attorneys provided legal advice, indicating a substantial involvement of legal services in facilitating the transaction.
  • Retail – Atrium Flora is a major retail hub with 130 stores and a food court, affecting and influenced by trends in the retail industry.

Financials

    Participants

    NameRoleTypeDescription
    Atrium Group ServicesTarget CompanyCompanyA subsidiary of G City Europe, selling the Atrium Flora shopping center.
    Max RealitniBidding CompanyCompanyThe buyer of the Atrium Flora shopping center, part of Redstone Group.
    Clifford ChanceLegal AdvisorCompanyProvided legal advisory services to Atrium Group Services for the transaction.
    BNT AttorneysLegal Advisor to BuyerCompanyProvided legal advisory services to Max Realitni for the transaction.
    G City EuropeParent CompanyCompanyParent company of Atrium Group Services.
    Redstone GroupParent Company of BuyerCompanyParent company of Max Realitni, the buyer.