Advising ZFP Investments, a subsidiary of IAD Investments, on the sale of Prague’s office building Florenc Office Center

9. 1. 2019

HAVEL & PARTNERS, led by partner Lukáš Syrový and senior associate Albert Tatra, has provided comprehensive legal advice to the investment company ZFP Investments, which manages the real estate fund ZFP, on the sale of its 100% stake in the company Florenc Office Center which owns  the office building of the same name in Prague. The South Korean financial group Shinan Investment Corporation became the new owner of the property.

Thanks to its location in the wider centre of Prague, and with its 11,000 square meters of office space on ten floors and 170 parking spaces, Florenc Office Center is one of the lucrative properties in Prague. The building built in 2003 is rented by the Czech division of the international consulting company KPMG.

ZFP Investments, investiční společnost, a.s. is a subsidiary of IAD Investments, správ. spol., a.s., the oldest Slovak management company operating in Central European countries for more than 25 years. The fund has owned Florenc Office Center since 2014.