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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

For more than 25 years PRK Partners has been providing top tier, comprehensive legal services in all areas of law – always at the highest professional level. The company’s offices in Prague, Ostrava and Bratislava, as well as its specialised teams of legal practitioners and tax advisors, allow PRK Partners to offer solutions to any kind of legal issues, providing an international point of view and in-depth knowledge of the respective local legal system.

The full-service law firm has worked on many of the region’s largest and most complex transactions. The firm puts emphasis on the highest standards of quality, efficiency and flexibility in its advisory services, which are tailored to the specific requirements of each client. 

Our team is composed of professionals with international education and experience. The firm frequently works on a non-exclusive basis with leading international law firms on large cross-border transactions.

PRK Partners is consistently recognised among the top law firms by leading international and domestic directories and ratings agencies and has been honoured with numerous awards: 

• National Law Firm of the Year 2016 by the Chambers Europe Awards, the most prestigious international law firm competition. This is the fifth award PRK Partners has received since the awards were first given; National Law Firm of the Year 2014, 2013 and 2010 and Law Firm of the Year 2012 for Best Client Service.

• 2018 Best Law Firm of the Year in the category of Banking &Finance and the absolute winner in the main category of the Domestic Law Firm of the Year awards organised by epravo.cz under the auspices of the Czech Bar Association three times since the award's inception (in 2016, 2013 and 2011).

• a finalist of the Central European Law Firm of the Year category in The Lawyer European Awards 2018. 

The firm has a strong commitment to corporate social responsibility and pro bono work.

PRK Partners is the exclusive member firm in the Czech Republic for Lex Mundi, the world’s leading network of independent law firms, with in-depth experience in 100+ countries worldwide. In addition, the firm is a member of Celia Alliance, AFI (Association for Foreign Investment) and CVCA (the Czech Private Equity and Venture Capital Association).

Firm's website: www.prkpartners.com

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