Kinstellar has advised CBRE Global Investors on its off-market acquisition of a logistics/light industrial portfolio in Plzen, in the western Czech Republic, from Stage Capital. Dentons advised Stage Capital on the deal.
According to Kinstellar, "the roughly 151,000 square meter portfolio consists of four existing assets built between 2007 and 2017 along with additional development land with planning permission for another building. One building of circa 5,000 square meters, which is currently under construction, will be acquired after completion in Q1 2018."
In addition, the firm reports, "all assets are fully flexible, state-of-the-art logistics, warehousing, light industrial and production facilities. The assets are situated close to Plzeň, Bohemia, western Czech Republic, one of the most sought after logistics/light industrial markets in Central and Eastern Europe. The region is a strategic logistics location within Europe, connecting CEE with key logistics destinations in Western Europe (40 km from Germany), as well as being a strategic manufacturing hub, thanks to low wages and a highly skilled workforce."
The Kinstellar team was led by Partner Klara Stepankova and included Associate Rudolf Schichor and Junior Associates Martin Holub and Michal Matous.
The Dentons team was led by Partner Jiri Strzinek, supported by Associate Jan Hrivnak.
