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Kinstellar Advises Helaba on Financing for Korean Company's Acquisition of Prague Office Building

Kinstellar Advises Helaba on Financing for Korean Company's Acquisition of Prague Office Building

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Kinstellar has advised the Helaba bank on financing for the EUR 48 million acquisition of the Florenc Office Center in Prague by Korea’s Shinhan Investment Corp. The sellers, ZFP Investments, were advised by Havel & Partners.

Kinstellar describes the transaction as "the first direct real estate investment in the Czech Republic by a Korean investor."

Shinhan Investment Corporation operates as a securities brokerage and investment banking company. It provides securities trading, wealth management, investment banking services, and offers merger and acquisition, investment trust, and corporate financing services.

Florenc Office Center, commonly known as the KPMG HQ building, is an office property located in the center of Prague. Originally developed by AIG Lincoln, the building was completed in 2003. The property has an area over ​​11 thousand square meters, ten floors, three underground floors, and 168 parking spaces. 

ZFP Real Estate Fund acquired the property in March 2014. ZFP Investments is an independent investment company which was created by a merger of two companies operating on the Czech and Slovak financial markets: ZFP Akademie and IAD Investments. ZFP Academy is an educational and intermediary company in the field of finance and IAD Investments is a Slovak management company which has been active in Central Europe for more than 25 years.

The Kinstellar team was led by Partner Klara Stepankova and Managing Associate Leo Javorek.

Havel & Partners at a Glance

HAVEL & PARTNERS, attorneys-at-law, with offices in Prague, Brno, Bratislava, Pilsen, Olomouc, and Ostrava, has a team of 220 lawyers, tax advisors and 500 employees in total, is the largest independent law firm in Central Europe.

Our clients include large international companies, leading Czech and Slovak firms, including strategic state-owned companies and public sector authorities, as well as medium-size businesses, individual entrepreneurs, and investors. We advise approximately 100 of the Fortune 500 companies, and almost 50 of the Czech Top 100 companies. HAVEL & PARTNERS currently provides its services to a total of 2,000 clients. We have the most comprehensive international support available to both Czech and Slovak law firms. We provide legal and tax advice in 12 world languages in more than 90 countries around the globe. Up to 70 % of the transactions we deal with involve an international aspect.

HAVEL & PARTNERS was named the best law firm operating in the Czech Republic by the prestigious British rating agencies Chambers and Partners (2020) and Who’s Who Legal (2018, 2019). It is also the most successful law firm, providing the most comprehensive legal services in the Czech Republic and Slovakia, based on the total number of all nominations and awards in all years of the Law Firm of the Year awards. The firm became the absolute winner of this competition four times in the last six years, receiving the main award Domestic Law Firm of the Year in the Czech Republic (2015, 2017, 2018, 2020) and ranking as one of the most recommended law firms in all categories of law. Our company is also a three-time winner of the Law Firm of the Year award for Best Client Services (2015, 2016, 2019). In the field of M&A, HAVEL & PARTNERS is the best law firm in the Czech Republic based on the annual International Advisory Experts awards (2018, 2019). In Slovakia, it also won the prestigious global M&A Today Awards (2013–2018) for Mergers & Acquisitions six times in a row, and repeatedly won first place in the ranking by Lawyer International Legal 100 (2017, 2018). Prestigious international rating agencies EMIS DealWatch and Mergermarket have ranked HAVEL & PARTNERS among the leading law firms by the number of transactions completed in the entire CEE region since 2009. Based on annual awards of the Acquisition International magazine, HAVEL & PARTNERS has become the Law Firm of the Year 2019 in the M&A category in the CEE region.

Firm's website: https://www.havelpartners.cz/en/