A German investor represented by a fund managed by Union Institutional Investment agreed to acquire Letnany Shopping Center from Tesco PLC (LSE:TSCO) on November 10, 2016. CBRE Global Investors are asset managers for the buyers. The deal needs to be approved by the Antimonopoly Office. Cushman & Wakefield acted as the real estate agent and Wilson & Partners acted as the legal advisor for Tesco. CBRE acted as the real estate advisor for the buyer. Emil Holub, Aneta Sosnovcova, Michal Pivarci, Milan Rakosnik, Milos Felgr, Dominik Vojta of Clifford Chance acted as the legal advisors for CBRE Global Investors. A German investor represented by a fund managed by Union Institutional Investment completed the acquisition of Letnany Shopping Center from Tesco PLC (LSE:TSCO) on January 16, 2017.