Petr Pánek | White & Case LLP International Law Firm, Global Law Practice
Petr Panek
Petr Panek

Petr Pánek

Partner, Prague

“Pulls together the team well and comes up with robust and commercial advice when there are difficult questions.”

Chamber Europe 2015

Overview

Petr Pánek is head of the Firm's Central & Eastern Europe Real Estate Practice and leads the M&A Practice in the Czech Republic.

He advises clients on a number of issues relating to financial and real estate transactions. He concentrates on M&A, real estate deals, fund formation, financial restructurings, dispute resolution and regulatory matters associated with collective investments, including investment funds.

Petr's range of experience, combined with his focus on real estate transactions and his knowledge of both the regional and local markets, helps him to successfully lead clients through complex cross-border and domestic transactions.

Petr has represented international investors in numerous significant M&A projects within the Czech Republic and across Central & Eastern Europe, primarily working with clients active in real estate, banking and financing, energy & natural resources, insurance and manufacturing. His clients include ABB, Allianz, CEZ, Honeywell, Nordic Capital, Unipetrol Group, Metso Paper, RSJ Private Equity and Macquarie Infrastructure and Real Assets.

Petr has developed detailed knowledge of all aspects of real estate transactions. He has advised leading domestic and international institutional investors regarding the structuring of real estate related investments, and has helped them to establish their relevant investment funds.

He also advises clients on investment-related issues, and day-to-day legal issues arising from their real estate portfolios in the Czech Republic and across Central & Eastern Europe. His clients include the Crestyl Group, ECE Projektmanagement, the Erste Group, Generali Real Estate, Klepierre, LaSalle Investment Management, Pointpark Properties, Prologis and Unicredit.

In the area of fund formation, Petr has represented the Erste Group, Genesis Capital, PPF Group, ING, Hendersons Fund, HSBC and REICO, the first open-ended real estate fund in the Czech Republic.

Petr also advises major European financial institutions and institutional investors in restructuring and insolvency related matters. He is currently advising a number of banks on their exposure to certain real estate groups.

Bars and Courts

  • Czech Bar Association
  • New York State Bar

Education

  • LLM, Columbia University School of Law, New York, USA
  • Georgetown University Law Center, Washington, DC, USA
  • Mgr, (J.D. equivalent), Charles University, Faculty of Law, Prague, Czech Republic

Languages

  • Czech
  • English

Experience

P3 Logistic Parks, 2016

Petr led the team that represented P3 Logistic Parks (P3) and leading global investment company TPG Real Estate (the previous owner of the P3 developer alongside Ivanhoé Cambridge) on the sale of P3 to GIC, a sovereign wealth fund established by the government of Singapore. With a transaction value of €2.4 billion this represents the largest deal on the European real estate market in 2016, and the largest real estate deal ever in the Czech Republic.

Macquarie Infrastructure and Real Assets, 2016

Petr led the team that represented Macquarie Infrastructure and Real Assets (MIRA) on its acquisition of a €79 million portfolio of logistics and light industrial assets in the Czech Republic and Slovakia from HB Reavis.

Palmer Capital, 2016

Petr led the team that represented Palmer Capital, a real estate investment management company, in the acquisition of a portfolio of ten retail assets in the Czech Republic from Atrium European Real Estate.

New World Resources (NWR), 2013

Petr worked as part of the international team that represented NWR in its comprehensive, cross-border balance sheet restructuring. This complex transaction involved a UK scheme of arrangement, as well as a rights issue and placing on the London, Warsaw and Prague Stock Exchanges. The deal won "2014 Industrial Goods and Basic Resources Deal of the Year" at M&A Advisor's Turnaround Awards.

Prologis, 2014

Petr led the team that represented Prologis, the leading global owner, operator and developer of industrial real estate, in the acquisition of an industrial/ warehouse portfolio in the Czech Republic, Slovakia and Poland, from funds managed by a global real estate investment management firm.

Credit Agricole Corporate and Investment Bank, 2014

Petr advised Credit Agricole Corporate and Investment Bank (CACIB) in a complex portfolio debt restructuring concerning three investment assets of Orco Property Group – a commercial building in Prague, a production plant near Olomouc and department stores in Bratislava, Slovakia.

Generali Real Estate

Petr leads the team that is representing Generali Real Estate on its real estate acquisition program Czech Republic, including the acquisition of a historic building in Prague, a complex of office buildings located in Smichov, Prague 5, a mixed use real estate project located in Prague 1, and four administrative buildings in the centre of Prague.

ProLogis, 2013

Petr led the team that represented ProLogis, the second largest operator of logistics parks in the world, in a number of inter-related real estate disputes. The work has included the successfully defence of this global giant before the Superior Court, in relation to the ownership title of a large industrial site designed for the construction of a logistics park, where the land was claimed by the insolvency trustee of a bankrupt company.

New World Resources, 2013

Petr was part of the core partner team that represented New World Resources in the disposal of OKK Koksovny to the METALIMEX group for €95 million.

City of Prague, 2012

Petr led the team that advised the City of Prague in connection with the largest single public construction contract and the biggest single infrastructure project in the Czech Republic. This related to the construction of 'Tunnel Blanka', the longest vehicular tunnel in the Czech Republic and the longest city tunnel in Europe. The value of this transaction was more than €1.7 billion.

Speaking Engagements

"Distressed sales – are they happening or just dreaming?", 2014: Global Real Estate Institute's New Europe conference in Warsaw, Poland, (Panel session leader)

Awards & Recognition

Leading Lawyer: Real Estate – Czech Republic, Chambers Europe, 2016

Chambers Europe, 2015

"Pulls together the team well and comes up with robust and commercial advice when there are difficult questions."

Chambers Europe, 2015

"He can really fix problems in difficult discussions between the buyer and lender."

Chambers Europe, 2014

"[Petr Pánek] …is a lawyer you want on your side rather than against you."

Chambers Europe, 2013

"Pragmatic, in tune with our business and very helpful, and gives a speedy response."

Chambers Europe, 2012

"Diplomatic, flexible and constantly able to deliver."

Chambers Europe, 2011

"Outstanding experience and quality of advice."