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Kinstellar and Dentons Advise on Plzen Logistics/Light Industrial Portfolio Sale

Kinstellar and Dentons Advise on Plzen Logistics/Light Industrial Portfolio Sale

Czech Republic

Kinstellar has advised CBRE Global Investors on its off-market acquisition of a logistics/light industrial portfolio in Plzen, in the western Czech Republic, from Stage Capital. Dentons advised Stage Capital on the deal.

According to Kinstellar, "the roughly 151,000 square meter portfolio consists of four existing assets built between 2007 and 2017 along with additional development land with planning permission for another building. One building of circa 5,000 square meters, which is currently under construction, will be acquired after completion in Q1 2018."

In addition, the firm reports, "all assets are fully flexible, state-of-the-art logistics, warehousing, light industrial and production facilities. The assets are situated close to Plzeň, Bohemia, western Czech Republic, one of the most sought after logistics/light industrial markets in Central and Eastern Europe. The region is a strategic logistics location within Europe, connecting CEE with key logistics destinations in Western Europe (40 km from Germany), as well as being a strategic manufacturing hub, thanks to low wages and a highly skilled workforce."

The Kinstellar team was led by Partner Klara Stepankova and included Associate Rudolf Schichor and Junior Associates Martin Holub and Michal Matous.

The Dentons team was led by Partner Jiri Strzinek, supported by Associate Jan Hrivnak.

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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