Eastgate Park is a fully leased logistics and administrative complex with a total lettable area of approximately 39,000 sqm. The complex is located close to the Prague Ring Road (D0) and the D1 motorway, within 30 minutes of Prague city centre, making it one of the best-connected locations for urban logistics and the rapid delivery of goods to end customers in the capital. Thanks to wide range of services and diverse types of space, the complex also caters to a broad range of businesses. In addition to e-commerce and logistics companies, its tenants include companies engaged in customs and freight forwarding services, IT distribution and packaging materials, as well as industrial technologies and automotive sales and servicing.

The newly launched CB Property Investors Sub-Fund 2 (CBPI 2) builds on the successful track record of its predecessor, the CBPI fund. Like its predecessor, CBPI 2 is intended for qualified investors and focuses on investments in real estate with value-enhancement potential across a range of segments, from logistics and residential development to retail parks and projects with a social impact, such as healthcare and social care facilities. The fund aims to achieve an annual return of more than 10%. CBPI 2 is part of the Crowdberry Group and is managed by the investment company Winstor. The fund is currently open to new investors.

In addition to building active relationships with tenants, the fund plans to gradually expand the services offered, adapt the premises to tenants’ needs and, where appropriate, further expand the available space. The aim is to transform the existing industrial complex into a modern business park that will appeal not only to its current tenants but also to new businesses across a range of sectors.

“Eastgate Park is an exceptionally important transaction for CBPI 2 – it is the fund’s first acquisition and, at the same time, an investment that very well aligns with our strategy of investing in real estate with further value growth potential. Closing the transaction required the coordination of a number of legal, financial and structural matters, and I would therefore like to thank the JŠK team for their professional approach, strong commitment and reliable support throughout the entire process. We are pleased that, with their support, we have been able to take the first significant step in building the CBPI 2 portfolio,” said Jan Rovný, Investment Director of the CB Property Investors.

The JŠK legal team was led by partner Daniel Pospíšil, supported by senior associate Tomáš Quirenz in an executive role and junior lawyers Filip Vraspír and Zita Ležatková. Partner Roman Šťastný and junior lawyer Filip Rebeka provided legal advice in connection with the acquisition financing.

“This was a highly complex transaction which, in addition to negotiating the acquisition documentation itself, involved setting up the JV structure between the co-investors, structuring and negotiating transaction insurance, as well as preparing and negotiating the acquisition financing with ČSOB. The individual elements of the transaction had to be structured to fit together and form a fully functional whole, which was made possible by the excellent and constructive cooperation of all parties involved. I would like to congratulate CB Property Investors and BHS on the successful completion of the Eastgate Park acquisition and wish the entire project every success in the future,” said Daniel Pospíšil.