NewsKinstellar advises Portiva on its CZK 1 billion acquisition of the SmichOff office building in Prague

February 2022 – Kinstellar has successfully advised the Brno-based investor Portiva on its acquisition of SmichOff—a state-of-the-art office building completed in 2019 in Prague’s 5th district—from the building’s developer, Penta Real Estate.

SmichOff was designed by Bogle Architects and achieved a LEED Gold certificate. The value of the deal exceeded CZK 1 billion.

The building offers over 10,000 sqm of office premises and its main tenants include Spaces (which operates one of its co-working centres in the popular office district), Beat Games (part of the Facebook group), Jägermeister and Otis.

Kinstellar advised on due diligence, the negotiation of transaction documentation, and in connection with financing.

The Kinstellar team was led by Partner Jan Juroška and included Martin Holub (Senior Associate), Martina Březinová (Counsel), Anna Veselská (Associate), Jakub Šťastný (Associate), Alice Radvanovská (Junior Associate) and Dominik Ševců (Junior Associate).

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