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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 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
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 announces new promotions to Managing Associates and Senior Associates in the Czech Republic
Kinstellar is delighted to announce the promotion to Managing Associate of Martin Holub and Václav Kment, and the promotion to Senior Associate of Tereza Mašková, Matěj Večeřa and Jakub Šťastný in our Prague office. With these promotions the firm acknowledges their dedication, teamwork, consistent high level of client service, legal knowledge and transactional expertise. Martin Holub focuses on real estate, in particular real estate transactions and commercial lease agreements. Assisting clients in drafting, reviewing and negotiating of various agreements, such as share purchase, lease for office premises, development management, construction, and other real-estate related documents. Václav Kment
Kinstellar announces new promotions in Kazakhstan
Kinstellar is delighted to announce the promotion to Managing Associate of Yerlan Akhmetov (Banking & Finance, Corporate), Dina Berkalieva (Dispute Resolution) and Assel Mussina (Corporate, Real Estate) in our Almaty office. In addition, Anna Kornilova, a Senior Associate in the Almaty office, will become Head of Competition for Central Asia. These promotions are in recognition of their importance to our firm and its future and to their commitment to delivering exceptional value to our clients. Yerlan Akhmetov has over 15 years of experience in capital markets, banking and finance and M&A. He has taken the lead on numerous complicated financing transactions, and has been involved in high-profile M&A
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
Žurić i Partneri (ŽiP) Kinstellar advises Robin Powered on the acquisition of Flow and Form
Our team in Croatia has advised Robin Powered on the acquisition of Flow and Form, one of Central Europe’s 50 fastest-growing technology companies, known for delivering high-quality, cutting-edge solutions to the real estate technology industry. Over the course of just a few years, Flow and Form has created more than USD 1 billion of new market value and became one of the world leaders in developing innovative solutions for the workspace and real estate software industry. The purchase of Flow and Form gives Robin Powered a new international footprint, a team focused on innovation with proven experience building digital platforms to bridge the gap between in-person and virtual work, and a platform to further grow Robin’s
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.
Kinstellar advises Helaba on a financing for the historic “NR7” building in central Prague
Kinstellar has successfully advised the German lender Helaba on the provision of a refurbishment and long-term financing to the Czech developer Crestyl for the revitalisation of the historic “NR7” building in Prague’s city centre. Kinstellar advised Helaba in relation to the renovation and long-term financing of the historic, mixed-use NR7 building, originally constructed in 1905. The landmark property, with a total area of approx. 5,600 sqm, is located at the heart of Prague’s historic city centre on Namesti Republiky (Republic Square) opposite the Palladium shopping centre and offers excellent visibility in an area characterised by good retail, office, hotel and downtown residential locations. NR7 benefits
Kinstellar advises S Immo AG on the acquisition of EXPO Business Park from Portland Trust
Kinstellar is delighted to announce that it has advised S Immo AG, a leading Vienna-listed real estate investor and developer, on the acquisition of EXPO Business Park, a three-building office complex in Bucharest, Romania, from Portland Trust. The transaction value remains confidential but, when closing occurs, it is estimated to be one of the largest commercial property transactions in Romania for 2022. Kinstellar advised on all legal aspects, including full due diligence, transaction documentation, and other matters. S Immo AG is a leading real estate investment company focusing on Austria, Germany and CEE, with 70% of its portfolio consisting of commercial properties (offices, shopping centres and hotels). With
Documentation of Damaged Property in Ukraine and Possible Legal Remedies: Steps and Options to Consider
While we hope that there will be no need to use the below manual, we want to ensure that companies are aware of the steps to take if their property in Ukraine is damaged as a result of the Russian invasion. We have prepared overview of the main points to consider regarding the documentation of damages. Download in English: Download in Ukrainian: For more information, please contact: Olga Vorozhbyt, Partner, Head of Compliance, Risk & Sensitive Investigations (CRSI) and White-Collar crime services, at +380 067 449 0511,