October 2017 – Kinstellar has successfully advised BMO Real Estate Partners (BMO REP), the pan-European property investment and asset management specialist, part of Canada’s BMO Financial Group’s £189.3 billion AUM Global Asset Management business, on the acquisition of a high end department store in Prague, which is occupied by Van Graaf, on behalf of investors in its pan-European retail property investment fund.BMO Real Estate Partners acquired the building from MTK Developments, a Vienna-based European real estate firm specialising in value-add investments.
The asset is located on Wenceslas Square 17, Prague’s main mass-market shopping street, and comprises 12,000 sq m of rental area over six storeys.
The Kinstellar team was led by Klára Štěpánková (Partner), and other team members included Michal Kníž (Associate), Rudolf Schichor (Associate), Radka Justova (Associate) and Michal Matous (Associate).
Jerome Feltham Property Advisory, Atoz and White & Case tax team also advised on the transaction.
For more information please contact Klára Štěpánková, Partner and head of the firm-wide real estate sector, at .