News & Awards
12th March 2026

Clifford Chance Prague Association advises Českomoravská Nemovitostní in connection with financing of Crystal and Blox office buildings

Clifford Chance Prague Association has advised Českomoravská Nemovitostní ("ČMN") in connection with the financing of Crystal and Blox office buildings located in Prague. This marks yet another transaction where our legal team supported ČMN, building on our previous advisory on ČMN’s landmark acquisition of 16 commercial properties back in 2024.

The successful refinancing of both loans, with a total volume exceeding EUR 76 million, confirms the stability and attractiveness of ČMN’s portfolio for financial institutions. Through this step, ČMN has optimized its debt structure and secured stable conditions for further growth. Premium buildings in prime locations with high-quality tenants remain the cornerstone of ČMN’s long-term strategy, and the completed transaction further strengthens the company’s market position.

Crystal office building, situated in the heart of Vinohrady, offers 15,000 m² of rentable space across 14 floors. It features flexible layouts suitable for both open-plan and enclosed offices and includes an underground garage with 124 parking spots. Among its prominent tenants are the Health Insurance Company of the Ministry of the Interior of the Czech Republic and the General Health Insurance Company of the Czech Republic. The building has been awarded BREEAM EXCELLENT certification, reflecting its advanced technological features.

Blox office building is located in the prestigious administrative and commercial area of DOWNTOWN Dejvice in Prague 6. The building spans 8 floors and offers 22,500 m² of leasable office space. Blox also stands out for its commitment to sustainability, holding the award-winning BREEAM Outstanding certification.

ČMN is a leading player in the Czech real estate market, recognized for acquiring high-quality, revenue-generating assets. It currently manages a portfolio valued at CZK 18.7 billion, comprising 14 prime office buildings in the heart of Prague and 4 retail parks across the Czech Republic, with a total leasable area of 226,700 m². The company’s long-term goals also include maintaining a balance between economic success, environmental protection and social aspects.

The Clifford Chance team advising on the transaction was led by partner Milan Rákosník, with strong support from junior lawyers Ondřej Šteco and Dominik Čtvrtníček.

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