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DLA Piper Advises Karlin Group on JV Real Estate Acquisition in Prague

DLA Piper Advises Karlin Group on JV Real Estate Acquisition in Prague

Czech Republic
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DLA Piper has advised the Karlin Group on the creation of a joint venture with the Shinkun & Binui developer for a residential real estate project in the Modrany part of Prague.

DLA Piper and the Karlin Group began working on the deal in March 2016 and the transaction was completed in April 2017. The transaction was structured as a share deal, and involved a number of restructuring sub-steps, including acquisition of land, increase in share capital, a contribution outside of the share capital, and a demerger. The value of the deal is was not disclosed.

The Karlin Group was established in 1997. The main partner of the group is Serge Borenstein, the co-creator of the group, which focuses its development activities in Karlin — a rapidly developing part of Prague — and other Prague neighborhoods, especially Modrany, Holesovice, and Smichov. 

The Prague core team advising Karlin Group was led by Country Managing Partner Miroslav Dubovsky and included Senior Associate Petr Samec and Junior Associate Jan Metelka.

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PRK Partners, one of the leading Central European law firms, has been helping clients achieve their business objectives almost 30 years. Our team of lawyers, based in our Prague, Ostrava, and Bratislava offices, has a unique knowledge of Czech and Slovak law and of the business environment. Our lawyers studied at top law schools in the United States, United Kingdom, Switzerland and elsewhere. They also have experience working for leading international and domestic law firms in a number of jurisdictions. We speak your language, too. Our legal team is fluent in more than 15 languages, including all the key languages of the region.

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