HAVEL & PARTNERS represented the real estate group European Housing Services (EHS), which invested in one of the largest real estate companies on the Czech market, M&M Reality. This creates a real estate group of European importance, which intends to invest more than CZK 3 billion in its development in the coming years.

The advice was provided on behalf of the law firm by Petr Dohnal, the partner in charge of mergers and acquisitions, associate Josef Bouchal and legal assistant Filip Pavlík.

Once the transaction has been approved by the Office for the Protection of Competition, nothing prevents the EHS Group from becoming the owner of a 50% share in M&M Reality, while the total investment will exceed CZK 1 billion. The group’s goal is to keep strengthening its position on the Czech market and to also become a strong player in Central Europe; it is currently preparing for its entry into the German and Austrian markets. 

This year, the EHS Group, which includes the real estate agency MAXIMA REALITY, the real estate website Bezrealitky in the Czech Republic and Slovakia, and the Czech Real Estate Trust, has already made investments in the real estate auditors NEMO Report and in the start-up Ownest, which provides a rent-to-own model, allowing clients to live in their own property, but with a mortgage deferred for up to five years. HAVEL & PARTNERS also advised the EHS Group on these two transactions.