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.
