The real estate team, led by partner Kaj Ständer and lead attorney Zdeněk Chroust, provided legal advice to the company Jet Industrial Lease SICAV, a.s. belonging to the investment group of Jet Investment on the acquisition (by way of an asset deal) of an industrial site in Grosskötz, Germany, which is home to AL-KO, a traditional manufacturer of garden equipment, and ALOIS KOBER, a manufacturer of automotive components.
The site of 42,000 sqm is almost 100% leased and consists of a mix of modern production, office, warehouse and R&D areas with potential for further development.
The acquisition of the site was carried out by the Sale & Leaseback model, which is a common model abroad and is becoming a gradual trend within the Czech Republic.
We were honoured to participate in the first completed acquisition of the investment fund of Jet Industrial Lease SICAV, a.s. and we look forward to cooperating on further projects.