Kinstellar to continue operation of Noerr’s CEE practice in 4 countries

04
Apr
2024
News - Kinstellar to continue operation of Noerr’s CEE practice in 4 countries #CEE #Kinstellar #law firm #M&A #Noerr

by Property Forum | Career

Noerr and Kinstellar have announced that Noerr’s practices in Budapest, Bratislava, Bucharest and Prague are to be transferred to Kinstellar.


Noerr and Kinstellar have agreed to transfer these practices after the details of the integration are fully worked out. Several important operational and technical aspects, including investments in IT systems, and leasehold premises are being worked out and the deal will be completed after all necessary regulatory consents and internal approvals have been obtained.  

"The transfer of the Noerr business in Budapest, Bratislava, Bucharest and Prague to Kinstellar, and the full integration of the Noerr business in these markets into Kinstellar, will bring even higher quality and broader service to clients and significantly increased strength to Kinstellar. It will enhance the opportunities and career potential of the Kinstellar and Noerr teams in CEE. In particular, the significantly increased German language advisory capabilities and the deep connections with German and other continental European clients, coupled with the experience of the Noerr team in these markets, will perfectly complement and enhance Kinstellar’s existing strength in these markets and beyond," the announcement reads.

Noerr and Kinstellar will also cooperate on a non-exclusive basis to serve their clients across these jurisdictions following the closing of the transaction. 

Jason Mogg, Kinstellar Senior Partner at Kinstellar says: “This is an exciting chapter in Kinstellar’s journey. We will be welcoming the Noerr teams in Budapest, Bratislava, Bucharest and Prague and this enhances Kinstellar’s strength and capabilities and diversifies our expertise and clientele. Kinstellar and Noerr share similar values and culture which will make the integration very smooth. Both firms are highly regarded for their commitment, teamwork approach, strong work ethic and their excellent service to clients. We are confident that this project will benefit the Noerr team in these cities, all our people, and most importantly, our clients.’’




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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