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Kinstellar advises P3 on acquisition of logistics parks in Slovakia
Kinstellar has successfully advised P3, a prominent pan-European logistics property investor and developer, on the acquisition of a portfolio of logistics parks located across multiple locations in Slovakia. The transaction marks a significant expansion of P3’s footprint in the Slovak logistics market. The seller was Stoneweg Europe Stapled Trust, a Singapore-listed real estate investment trust (REIT), which recently announced its strategic exit from Slovakia through a divestment as part of its broader portfolio rebalancing strategy in Europe. The deal was structured as a share deal, ensuring an efficient transfer of ownership. Kinstellar provided comprehensive legal advisory services, including full-scope due
Kinstellar advises Max Aicher Group on the sale of its property in the former CUG industrial estate in Cluj-Napoca to Hexagon Group
Kinstellar has advised Max Aicher Group, a leading German industrial group, on the sale of its property in the former industrial estate “Combinatul de Utilaj Greu” (“CUG”) in Cluj-Napoca, Romania—one of the largest sites of its kind in Romania—to Hexagon Group, a local real estate developer. The transaction involves the sale of approximately 23 hectares of industrial land. The property had been owned by a special purpose vehicle of Max Aicher Group. The acquisition marks one of the most significant land transactions in Cluj-Napoca in recent years and supports Hexagon’s urban regeneration strategy focused on redeveloping former industrial areas. The developer plans to transform the site into a modern
Notification obligation under the Austrian Investment Control Act (Investitionskontrollgesetz) for data centre investments in Austria
Increasing digitalisation, the market growth of cryptocurrencies, and the growing importance and use of AI are among the reasons that have led to an increasing demand for data centres and a growing interest in investments in this asset class in recent years. In addition to numerous other challenges associated with the acquisition and/or development of data centres, such as, in particular – (i) the search for a suitable location, for which the most important criteria are power supply and network infrastructure, as well as zoning and building regulations; (ii) obtaining the necessary public law approvals, whereby in addition to building and operating permits, also nature and water law approvals, as well as the conclusion
Kinstellar advises Conexio on the sale of a strategic telecommunications infrastructure asset to EXA Infrastructure
Kinstellar has recently advised Conexio on the successful sale of a strategic telecommunications infrastructure asset to EXA Infrastructure, in Serbia. The transaction involved a metro network stretching 860 km, along main Serbian highway corridors, offering the shortest border-to-border routes with low latency and high reliability. The network connects the key Serbian cities of Belgrade, Niš, and Novi Sad, linking to the international borders of Croatia, Hungary, Bulgaria, and North Macedonia, where it interconnects with all major carriers, forming a vital digital backbone for regional connectivity. Kinstellar provided full legal support on this multi-million euro infrastructure asset deal, covering transaction
Kinstellar advises on the acquisition financing of the River Garden II and III office buildings in Prague
Kinstellar has successfully advised UniCredit Bank Czech Republic and Slovakia (UCB) and Česká spořitelna (ČS) in connection with the acquisition financing of the River Garden II and III office buildings located in Prague’s Karlín district. UCB also acted as escrow agent for the settlement of the acquisition. The financing supported the purchase of the properties by Aurelia fondy SICAV, acting on behalf of its sub-fund Aurelia nemovitostní fond SMS & Axelor, podfond. The seller in the transaction was Encore Plus Properties II. Kinstellar’s core team was led by Jan Juroška (Partner) and included Martina Březinová (Counsel), Katarína Jendželovská (Senior Associate), Martin Holub (Managing
Public–private partnership reform in Ukraine
On 30 July 2025, the President of Ukraine signed Law No. 7508, aimed at optimising the mechanism for attracting private investment into post-war infrastructure recovery efforts through public-private partnerships (PPPs). The law, save for a few exceptions, will come into force three months after its official publication. The reforms enact a new version of the Law “On Public-Private Partnership” and also introduce significant changes to the Law “On Concessions”, along with related laws governing urban planning, highways, land relations, railway transport, and other sectors. Below we summarize the key innovations: 1. Expansion of PPP usage and concessionsOpening up additional entry points for private
Kinstellar advises Mitiska REIM on the strategic acquisition of OC Cassovia in Eastern Slovakia
We are proud to announce that Kinstellar’s team in Slovakia acted as lead legal counsel to Mitiska REIM on the acquisition of OC Cassovia, one of the largest retail centres in Eastern Slovakia, located in the city of Košice. The transaction was completed on behalf of the MEREP 3 fund, in partnership with local asset manager Asset Services, and with the European Bank for Reconstruction and Development (EBRD) as co-investor. This marks another strategic milestone in Mitiska REIM’s expansion on the Slovak market. OC Cassovia is a well-established regional shopping centre offering nearly 23,000 sqm of gross leasable area, 1,200 parking spaces, and an excellent location within a growing retail zone in the southern
EU adopts 18th sanctions package against Russia
On July 18, the European Council adopted its 18th sanctions package to be imposed on Russia for its continued war in Ukraine. The sanctions are mainly aimed at entities and activities concerning the military, energy, and banking sectors. The package also includes efforts to provide protection for Member States against investment arbitration and additional measures against the circumvention of the sanctions in place. We summarize the key issues touched on by the new amendments below. Military sanctions Measures aimed at the Russian military industrial complex and its suppliers include tighter export restrictions on certain dual-use goods and technologies for 26 new entities, 11 of which are located
Kinstellar advises Park Lane Developments and Mitiska REIM on the strategic land acquisition for a new retail park in Varna, Bulgaria
Kinstellar is pleased to announce it has advised Park Lane Developments, a leading commercial property company in Bulgaria and its joint venture with Mitiska REIM, a major real estate investor, on the acquisition of a sizeable land plot of nearly 22,000 sq. m in Varna, Bulgaria, for the development of a new retail park. The retail park will feature a variety of national and international brands and represents a significant addition to the region’s commercial infrastructure. This marks Mitiska's third retail park investment in Bulgaria, reinforcing its growing presence in the market. The Kinstellar team was led by Antonia Mavrova (Partner) and Atanas Mihaylov (Counsel), with key support from Denitsa Kuzeva (Senior
Kinstellar advises Accolade on one of the largest Czech industrial real estate acquisitions of 2025
Kinstellar has successfully advised Accolade on its strategic entry into the South Bohemian region through the acquisition of the Garbe Park industrial site in Boršov nad Vltavou, near České Budějovice, from Garbe Industrial Real Estate. The transaction, valued at nearly CZK 2.5 billion, ranks as the second-largest industrial real estate deal in the Czech Republic in 2025 to date. The acquired assets include two completed buildings — both fully leased — as well as development land for future expansion, which will be carried out through a joint venture between Accolade and Garbe. The site, developed since 2023, offers a mix of logistics, manufacturing, office, and retail space, with a total lettable area expected
Kinstellar, with Noerr as lead counsel, advises STRABAG on the Romanian, Croatian, Czech, and Montenegrin law aspects of its acquisition of WTE Wassertechnik
Kinstellar is pleased to announce that, together with Noerr acting as lead counsel, it has advised STRABAG, one of Europe’s leading technology groups for construction services, on the Romanian, Croatian, Czech, and Montenegrin law aspects of its acquisition of WTE Wassertechnik, a provider of municipal and industrial water management solutions. The purchase price for the shares in WTE Wassertechnik is EUR 100 million. STRABAG is also taking over existing shareholder loans. The transaction supports STRABAG’s Strategy 2030 and is expected to significantly expand its existing water technology capabilities into the field of integrated water management. Completion of the transaction is subject to regulatory and antitrust
Kinstellar advises Accolade Holding on the acquisition of GLP Košice logistics park in eastern Slovakia
Kinstellar has successfully advised Accolade Holding, a Czech investment group specialising in sustainable industrial infrastructure, on the acquisition of a 21,600 sqm facility in Košice, Slovakia, which is currently fully leased by a leading automotive supplier. The transaction further expands Accolade’s footprint in the Slovak market and supports its long-term strategy of developing high-quality infrastructure for businesses across the logistics and manufacturing sectors. Kinstellar’s Bratislava office provided full legal support throughout the entire transaction process—from acquisition structuring and negotiation to legal support on the financing side. The acquisition was financed by Tatra banka. The