Kinstellar has advised Warburg-HIH Invest on its acquisition of the River Garden I office building in Prague’s Karlin district from LaSalle Investment Management. White & Case reportedly advised the sellers on the deal.
The six-storey building consists of 19,000 square meters of office space, including 2,200 square meters of retail. At the moment, it is 90% let to a number of tenants, including Automatic Data Processing, Monster Worldwide, Creditinfo, Unilever, and Shoptet.
Financial details of the transaction were not disclosed.
The Kinstellar team was led by Partner Klara Stepankova and included Partner Jan Juroska, Senior Associate Rudolf Schichor, and Junior Associate Tereza Maskova.