Mint Investments Group has just completed the acquisition of Main Point Pankrac for the South Korean investment company, Hana Financial Investment. The volume of the transaction exceeds €115m. Mint provided the investment underwriting and advisory during the transaction and will now will be responsible for the property’s asset management.
Developed by PSJ Invest, Main Poin Pankrac stands in the middle of one of Prague’s most dynamic office sub-markets in Prague. The 26,500 sqm building rises 10 storeys while offering almost 400 underground parking places. Current tenants include McKinsey & Company, Unipetrol, Dimension Data and ARVAL CZ.
“South Korean investors have been very active on the Czech market in recent months, as in January, we arranged the acquisition of Florenc Office Center in Prague for another investor from the Republic of Korea,” said Sebastien Dejanovski, a Partner at Mint Investments Group. He said that the prestige of the building’s tenants was most obvious proof of the building’s quality. Legal and commercial due diligence was provided by Dentons and Cushman & Wakefield, respectively. Arcadis (technical due diligence) and TPA (financial and tax due diligence) also participated in the transaction.
