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Kinstellar advises Roier crowdfunding platform on a new investment
Kinstellar has successfully advised the founders of the Czech crowdfunding platform Roier on a new, multi-million Czech crown investment. Roier brings together investors and companies seeking financing for their real estate projects. It enables investment in corporate loans secured by real estate property and has financed projects totalling approximately CZK 275 million in two years of market presence. The Kinstellar team was led by Kamil Blažek (Partner) and Martina Březinová (Counsel). Other team members included Michal Kníž (Managing Associate) and Jakub Šťastný (Senior Associate). For more information, please contact Martina Březinová at martina.brezi
Kinstellar strengthens its team in Turkey with the appointment of Ömer Erdoğan as Partner
Kinstellar is delighted to announce that Ömer Erdoğan has joined the firm’s Istanbul office as Partner. His joining reinforces our team’s capabilities in Turkey—particularly our expertise in the real estate, infrastructure and energy sectors as well as project finance. Ömer has 18 years of experience advising multinational and local companies on their investments in Turkey and abroad. His banking and finance expertise covers a wide range of transactions in Turkey. He has led teams acting for both lenders and sponsors on trade finance, project and acquisition financings, banking regulatory, security documentation, and secured loans and syndications. Ömer’s broad experience also covers the energy
Kinstellar advises S IMMO AG on its acquisition of office buildings and a hotel in the Czech Republic
Kinstellar has successfully advised S IMMO AG, a real estate investment company, on its acquisition of three office buildings and one hotel in the Czech Republic from CPI Property Group. The assets include the Mayhouse and Luxembourg Plaza offices in Prague, ZET.office in Brno, and the Courtyard by Marriott Prague City hotel. The four assets have a total value of EUR 167.7 million and generate annual income of close to EUR 8.4 million. The Kinstellar team was led by Klára Štěpánková (Partner) and included Martin Holub (Managing Associate) and Dominik Ševců (Junior Associate). Other team members included Jakub Šťastný (Senior Associate), Anna Veselská (Associate), Arťom Gnědin (Associate), Adam Němec (Managing
Kinstellar successfully advises on exit from Arkady Pankrac joint venture
Kinstellar is pleased to announce the successful completion of its advisory role in facilitating the exit of KG CURA Vermögensverwaltung G.m.b.H. & Co. from a joint venture with G City Europe (formerly Atrium European Real Estate). The joint venture pertained to the ownership of Arkady Pankrac, a premium shopping centre with a focus on fashion, located in one of Prague's most prominent business and residential districts.The core team consisted of Partner Karla Rundtová and Managing Associate Adam Němec, with an essential support from Junior Associate Paul Válka.
Kinstellar announces new promotions to Partner and Counsel
Kinstellar is delighted and proud to announce the promotions to Partner of Tomáš Melišek (Bratislava), Levente Hegedűs (Budapest), Bulut Girgin (Istanbul), Anastasiya Bolkhovitinova, Natalia Kirichenko, Oleg Matiusha, Illya Muchnyk (all in our Kyiv office), and to Counsel of Dominika Bajzáthová (Bratislava). PARTNERS Tomá š Melišek, Bratislava Tomáš is the Head of the local Banking & Finance service line. He has 15 years of experience in banking and finance, focusing on project and acquisition financing as well as on financial regulations. Tomáš has substantial experience advising clients on significant financing transactions in the areas of real estate, energy, infrastructure, automotive, media
Kinstellar advises Italian client on the sale of Hotel Sovereign
Kinstellar has successfully advised its Italian client on the sale of the renowned Hotel Sovereign in the heart of Prague. The team, led by Klára Štěpánková (Partner) and supported by Arťom Gnědin (Associate), provided comprehensive legal services that demonstrated Kinstellar's deep expertise in navigating the complex legal, regulatory and commercial aspects of hotel transactions. The sale of this historic property, known for its distinctive charm and unparalleled city centre location, represents a significant hotel transaction in the current market. We were delighted to collaborate with the Italian lawyer Luigi Croce from Nctm Studio Legale in Milan.
Czech Senate to approve the New Amendment to the New Building Act
An amendment to Act no. 283/2021, Building Act (the “New Building Act”) has been approved by the Chamber of Deputies, bringing key changes to Czech construction laws and permitting processes (the “New Amendment”). The New Amendment has been passed to the Senate, which should approve it shortly. The original New Building Act, representing a major change of Czech building regulations, was adopted back in July 2021. The law introduced key changes, for example creating a new system of building authorities, consolidating permitting into a single per-project permit, and introducing limitations on the appeals process. However, mostly due to political reasons the effectivity of the law’s key provisions was postponed to
Kinstellar advises S IMMO AG on the expansion of its office portfolio in Budapest
Kinstellar is delighted to announce that it has once again successfully advised S Immo AG, a leading Vienna-listed real estate investor and developer, on the acquisition of six office properties in Budapest, from Immofinanz AG. The acquisition includes the following six buildings comprising around 124,000 m² of main usable space: Thirteen Globe, Thirteen Xenter, Greenpoint 7, Atrium Park, Haller Gardens and Szepvölgyi Business Park. Most of the properties are located in the strong office submarkets "Vaci Corridor" and "Central Pest". The purchase price is based on the valuation of the property portfolio carried out by an external expert with a value of EUR 244.1 million as of 22 December 2022. The acquisition
Kinstellar advises S IMMO AG on the acquisition of office properties in Budapest
Kinstellar is delighted to announce that it has successfully advised S Immo AG, a leading Vienna-listed real estate investor and developer, on the acquisition of eight properties and one land plot in Budapest (Gateway Office Park, Arena Corner, Andrássy Palace and the five-part BC99 Office Park) from CPI Property Group. After several successful transactions in the CEE region, S Immo AG once again turned to Kinstellar and worked together with our Budapest office for the first time. The transaction is valued at EUR 238.3 million. The excellently managed buildings comprise a total lettable area of around 109,000 m² and are in outstanding condition. The Kinstellar team was led by Barnabás Sági (Managing
Kinstellar advises a syndicate of banks led by VÚB banka on a EUR 100 million loan for the development of Bory Mall in Bratislava
Kinstellar’s Bratislava office has recently advised a syndicate of banks led by Všeobecná úverová banka (VÚB Bank) and including Slovenská sporiteľňa, ČSOB and HYPO-BANK Burgenland, in relation to a EUR 100 million club loan facility for refinancing and further investment in Bory Mall—a shopping and entertainment centre in Bratislava developed by Penta Real Estate. Kinstellar’s team in Bratislava was managed by Counsel Tomáš Melišek and included Dominika Bajzáthová (Managing Associate), Dáša Labašová (Senior Associate) and Michaela Straková (Junior Associate). Partner Marián Šulík led the team of Škubla & Partneri, which acted as advisors to the borrower.
Kinstellar strengthens its Corporate M&A team in Hungary with the appointment of Annamária Csenterics as Partner
10 October 2022 – Kinstellar is delighted to announce that Annamária Csenterics has joined the firm’s Budapest office as a Partner and Co-Head of the local Corporate M&A service line. Annamária Csenterics is an experienced Corporate M&A practitioner with a career spanning 20 years at international law firms and as an in-house lawyer. She has served as lead counsel on scores of domestic and cross-border mergers, acquisitions, dispositions, joint ventures and strategic transactions, including spin-offs, split-offs and exits. Her clients have included corporations as well as private clients domiciled in the US, Europe and Hungary. Annamária will co-head the local Corporate M&A service line, including Real Estate
Kinstellar comments on the advantages and disadvantages of the law on the protection of real estate investors in Ukraine
On 15 August 2022, the Ukrainian parliament adopted draft law No. 5091 "On guaranteeing property rights to real estate objects to be constructed in the future" which should protect investors in Ukraine's primary real estate market. At the invitation of 100realty.ua, Oleksandr Misiats, Junior Associate in our Kyiv office, sheds some light on the advantages and disadvantages of the law to residential investors. The article published in Ukrainian on 100realty.ua portal is available on this link.