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Kinstellar Advises S Immo on Acquisition of Another EUR 450+ Million Czech Property Portfolio from CPI

Kinstellar Advises S Immo on Acquisition of Another EUR 450+ Million Czech Property Portfolio from CPI

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Kinstellar has advised S Immo AG on its acquisition of a EUR 463 million property portfolio in the Czech Republic from the CPI Property Group.

The portfolio includes two office buildings, two shopping centers, a mixed-use property, and a single-tenant retail building. The property value of the transaction is EUR 463 million with an annual rental income value of around EUR 28.3 million and, according to Kinstellar, was a strategic acquisition for S Immo, "enhancing their footprint in the Czech real estate market."

S Immo AG is a real estate investment company based in Vienna. According to S Immo's website, the CPI Property Group holds 88.37% of the share capital of S Immo AG, directly and indirectly.

The CPI Property Group is an owner of income-generating European real estate. It focuses on the Czech Republic, Berlin, Warsaw, and the CEE region and has approximately EUR 21 billion in assets.

Six months prior, Kinstellar also advised S Immo on the acquisition of a different property portfolio in the Czech Republic, valued at EUR 481 million, from the CPI Property Group (as reported by CEE Legal Matters on November 30, 2023).

The Kinstellar team was led by Partner Klara Stepankova and Managing Associate Martin Holub and included Managing Associate Adam Nemec, Senior Associates Jakub Stastny and Radka Justova, Associate Artom Gnedin, and Junior Associates Dominik Sevcu, Dominik Ctvrtnicek, Zuzana Mihalikova, Zuzana Konecna, Vojtech Tomasek, and Paul Valka.

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