Kinstellar and White & Case have advised BMO Real Estate Partners on the acquisition of the high end department store in Prague occupied by Van Graaf on behalf of investors in its pan-European retail property investment fund. BMO Real Estate Partners acquired the building from Vienna-based MTK Developments. PRK Partners reportedly advised the sellers on the deal.
The property is located on Wenceslas Square 17, Prague’s main mass-market shopping street, and contains 12,000 square meters of rental area over six stories.
Kinstellar describes BMO Real Estate Partners as "the pan-European property investment and asset management specialist, part of Canada’s BMO Financial Group’s GBP 189.3 billion AUM Global Asset Management business."
The Kinstellar team was led by Partner Klara Stepankova and included Associates Michal Kniz, Rudolf Schichor, Radka Justova, and Michal Matous.
The White & Case team providing tax advice to BMO on the deal was led by Tax Partner Jan Parik and included Associate Milan Horak and Tax Consultant Tereza Korcova.