November 2015 - Kinstellar has advised ECE European City Estates on the successfully completed acquisition from Terranova group of three buildings in Prague, Olomouc and Liberec. The buildings are located along high streets and their main tenant remains the Italian fashion brand Terranova. The Prague asset is the fourth property ECE has acquired along 28. října Street and Národní street.
Kinstellar is an on-going advisor to ECE European City Estates in connection with the building-up of a portfolio of retail and office premises in prime locations in the Czech Republic, mainly in the centre of Prague.
This latest transaction was particularly challenging in the context of transaction documentation, as the parties’s objective was to sell and purchase all three buildings as a package.
For more information, please contact Klára Štěpánková, Partner and head of the firm-wide real estate practice, at , or on +420 221 622 116.