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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.

Czech Republic Knowledge Partner

JŠK, advokátní kancelář, s.r.o. (JŠK) is a medium-sized law firm based in Prague providing a comprehensive range of commercial legal advisory services in the Czech Republic. Our team consists of almost 30 lawyers, five of whom are partners with many years of experience from leading international law firms. We advise local and international clients from banking, insurance and various industry sectors, boast a respected projects practice, and work for the public sector at the federal and municipal level.

Ever since it was founded in 2004, JŠK has striven for the epitome of professionalism, expertise and ethical integrity. We continuously seek to surpass what large global law firms can offer and to give our clients a personal approach. All mandates are equally important to us regardless of size as we guide clients through both complex and seemingly routine matters.

Our clients turn to us for advice when implementing their business plans across all areas of commercial law. We are proud members of PONTES: the CEE lawyers, a unique network of law firms through which we provide services not only in the Czech Republic but also in Austria, Bulgaria, Hungary, Poland, Romania and Slovakia.

Firm's website: http://www.jsk.cz

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