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Kinstellar and White & Case Advise BMO REP on Acquisition of Van Graaf Department Store in Prague

Kinstellar and White & Case Advise BMO REP on Acquisition of Van Graaf Department Store in Prague

Czech Republic
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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.

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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