NEWS & INSIGHTSUp-to-date.
- Home
- News & Insights
SEARCH BY
LATEST
Kinstellar advises S IMMO AG on the expansion of its office portfolio in Budapest
Kinstellar is delighted to announce that it has once again successfully advised S Immo AG, a leading Vienna-listed real estate investor and developer, on the acquisition of six office properties in Budapest, from Immofinanz AG. The acquisition includes the following six buildings comprising around 124,000 m² of main usable space: Thirteen Globe, Thirteen Xenter, Greenpoint 7, Atrium Park, Haller Gardens and Szepvölgyi Business Park. Most of the properties are located in the strong office submarkets "Vaci Corridor" and "Central Pest". The purchase price is based on the valuation of the property portfolio carried out by an external expert with a value of EUR 244.1 million as of 22 December 2022. The acquisition
Kinstellar advises S IMMO AG on the acquisition of office properties in Budapest
Kinstellar is delighted to announce that it has successfully advised S Immo AG, a leading Vienna-listed real estate investor and developer, on the acquisition of eight properties and one land plot in Budapest (Gateway Office Park, Arena Corner, Andrássy Palace and the five-part BC99 Office Park) from CPI Property Group. After several successful transactions in the CEE region, S Immo AG once again turned to Kinstellar and worked together with our Budapest office for the first time. The transaction is valued at EUR 238.3 million. The excellently managed buildings comprise a total lettable area of around 109,000 m² and are in outstanding condition. The Kinstellar team was led by Barnabás Sági (Managing
Kinstellar advises a syndicate of banks led by VÚB banka on a EUR 100 million loan for the development of Bory Mall in Bratislava
Kinstellar’s Bratislava office has recently advised a syndicate of banks led by Všeobecná úverová banka (VÚB Bank) and including Slovenská sporiteľňa, ČSOB and HYPO-BANK Burgenland, in relation to a EUR 100 million club loan facility for refinancing and further investment in Bory Mall—a shopping and entertainment centre in Bratislava developed by Penta Real Estate. Kinstellar’s team in Bratislava was managed by Counsel Tomáš Melišek and included Dominika Bajzáthová (Managing Associate), Dáša Labašová (Senior Associate) and Michaela Straková (Junior Associate). Partner Marián Šulík led the team of Škubla & Partneri, which acted as advisors to the borrower.
Kinstellar strengthens its Corporate M&A team in Hungary with the appointment of Annamária Csenterics as Partner
10 October 2022 – Kinstellar is delighted to announce that Annamária Csenterics has joined the firm’s Budapest office as a Partner and Co-Head of the local Corporate M&A service line. Annamária Csenterics is an experienced Corporate M&A practitioner with a career spanning 20 years at international law firms and as an in-house lawyer. She has served as lead counsel on scores of domestic and cross-border mergers, acquisitions, dispositions, joint ventures and strategic transactions, including spin-offs, split-offs and exits. Her clients have included corporations as well as private clients domiciled in the US, Europe and Hungary. Annamária will co-head the local Corporate M&A service line, including Real Estate
Kinstellar comments on the advantages and disadvantages of the law on the protection of real estate investors in Ukraine
On 15 August 2022, the Ukrainian parliament adopted draft law No. 5091 "On guaranteeing property rights to real estate objects to be constructed in the future" which should protect investors in Ukraine's primary real estate market. At the invitation of 100realty.ua, Oleksandr Misiats, Junior Associate in our Kyiv office, sheds some light on the advantages and disadvantages of the law to residential investors. The article published in Ukrainian on 100realty.ua portal is available on this link.
Kinstellar strengthens its Corporate M&A and Real Estate practices in Bucharest with new senior hires
Kinstellar proudly announces that two experienced senior lawyers have joined the growing team in Bucharest: Mihai Stan, Corporate M&A, and Diana Cochileț, Real Estate & Construction. The new hires, following the recent additions to our employment team, show our commitment to service our clients in areas with strong growth. Mihai Stan focuses on corporate M&A. In his almost nine years of practice, he has been involved in a wide range of matters from mergers, acquisitions, sales of operations and exits, to corporate governance, compliance and company formation issues, having worked for clients active across diverse sectors, including financial institutions, industrial, manufacturing, and pharmaceuticals.
Kinstellar advises Helaba on a financing for the historic “NR7” building in central Prague
Kinstellar has successfully advised the German lender Helaba on the provision of a refurbishment and long-term financing to the Czech developer Crestyl for the revitalisation of the historic “NR7” building in Prague’s city centre. Kinstellar advised Helaba in relation to the renovation and long-term financing of the historic, mixed-use NR7 building, originally constructed in 1905. The landmark property, with a total area of approx. 5,600 sqm, is located at the heart of Prague’s historic city centre on Namesti Republiky (Republic Square) opposite the Palladium shopping centre and offers excellent visibility in an area characterised by good retail, office, hotel and downtown residential locations. NR7 benefits
Kinstellar advises S Immo AG on the acquisition of EXPO Business Park from Portland Trust
Kinstellar is delighted to announce that it has advised S Immo AG, a leading Vienna-listed real estate investor and developer, on the acquisition of EXPO Business Park, a three-building office complex in Bucharest, Romania, from Portland Trust. The transaction value remains confidential but, when closing occurs, it is estimated to be one of the largest commercial property transactions in Romania for 2022. Kinstellar advised on all legal aspects, including full due diligence, transaction documentation, and other matters. S Immo AG is a leading real estate investment company focusing on Austria, Germany and CEE, with 70% of its portfolio consisting of commercial properties (offices, shopping centres and hotels). With
Documentation of Damaged Property in Ukraine and Possible Legal Remedies: Steps and Options to Consider
While we hope that there will be no need to use the below manual, we want to ensure that companies are aware of the steps to take if their property in Ukraine is damaged as a result of the Russian invasion. We have prepared overview of the main points to consider regarding the documentation of damages. Download in English: Download in Ukrainian: For more information, please contact: Olga Vorozhbyt, Partner, Head of Compliance, Risk & Sensitive Investigations (CRSI) and White-Collar crime services, at +380 067 449 0511,
Kinstellar advises Remix Global on a long term lease of office space in Business Garden Office X and a warehouse near Sofia
Kinstellar’s team in Sofia has advised Remix Global on the long-term lease of nearly 2,300 sq.m. office space in Business Garden Office X located in one of Sofia’s most attractive business areas, as well as on the multi-stage leasing of a warehouse of more than 30,000 sq.m. in the vicinity of Sofia. Having assisted thredUP, one of the largest online resale platforms in the world, with the acquisition of its European peer, Remix Global, we continue to provide local support on the expansion of Remix Global’s operations. Kinstellar’s team included Antonia Mavrova (Partner) and Simeon Vachev (Senior Associate). For more information please contact Antonia Mavrova, at.
Kinstellar advises one of the Hungarian subsidiaries of Logicor on the sale of WestGate Business Park
Kinstellar Hungary has successfully advised one of the Hungarian subsidiaries of Logicor on the sale of WestGate Business Park comprising of warehouse and office areas with a total surface area of approximately 18 000 sqm to Biggeorge Property. The deal is one of the largest transactions of its kind on the Hungarian logistics market. The Budapest office advised on various legal aspects throughout the whole transaction covering, among others, #real estate, energy and IP related matters. Kinstellar’s team was led by Mónika Frank (Of Counsel and Co-Head of the Hungarian Real Estate practice) and supported by Bertalan Ványa (Junior Associate), Dániel Endre Nagy (Senior Associate), Péter Gullai (Senior Associate)
Real Estate & Construction sector overview and our services in Bulgaria
Are you planning an investment in real estate in Bulgaria? Careful consideration of associated risks can improve the chances of a timely and profitable deal without facing the challenges of myriad legal, regulatory, and technical issues. Kinstellar’s Sofia office helps you to successfully complete real estate transactions in Bulgaria. Meet our lawyers to find out some of the most important legal considerations upon entering the Bulgarian real estate market. An overview of the sector and how can we help could be downloaded here - Kinstellar - Bulgaria Real Estate sector services profile. For more information please contact Antonia Mavrova, Partner and Head of Real Estate in our Sofia office, at