Kinstellar has advised S IMMO on its acquisition of three office buildings and a hotel in the Czech Republic – valued at EUR 167.7 million – from the CPI Property Group.
"The assets include the Mayhouse and Luxembourg Plaza offices in Prague, ZET.office in Brno, and the Courtyard by Marriott Prague City Hotel," Kinstellar informed. "The four assets have a total value of EUR 167.7 million and generate an annual income of close to EUR 8.4 million."
S Immo is a Vienna-listed real estate investor and developer focusing on Austria, Germany, and CEE.
The CPI Property Group is a real estate company focusing on long-term investments and real estate leases in Central Europe and Germany.
The Kinstellar team was led by Partner Klara Stepankova and included Managing Associates Martin Holub and Adam Nemec, Senior Associate Jakub Stastny, Associates Anna Veselska and Artom Gnedin, and Junior Associates Dominik Sevcu and Dominik Ctvrtnicek.