Prague—Dentons' Prague office advised South Korean investment company, Hana Financial Investment, represented by Mint Investments Group, on their acquisition of Main Point Pankrac office building from Aceur Investment S.A.

Through this transaction, Hana Financial Investment has acquired an energy-efficient office building, developed by PSJ Invest, located in the midst of skyscrapers in one of the most popular office sub-markets of Prague. It has 26,500 sqm of office and retail space over 10 storeys and almost 400 parking places across three underground levels. Its tenants include McKinsey & Company, Unipetrol, Dimension Data and ARVAL CZ. Thanks to a special technology, it is the very first building of its kind in the world that is able to absorb smog and decrease emissions in the atmosphere - the resulting effect is the same as if there were a hundred trees at the site. The large rooftop garden also makes Main Point Pankrác environmentally friendly. Thanks to its characteristics and architectural design by the atelier DAM, the building was short-listed for the 2019 Czech Award for Architecture.

The Dentons team was led by partner Jiří Stržínek, Co-head of the Real Estate practice in Prague, and consisted of partner Markéta Tvrdá and associates Filip Svoboda, Martin Manduľák and Ondřej Valeš.

Commenting on the transaction Jiří Stržínek said: “We are delighted to participate in this transaction.South Korean investors have been very active on the Czech market this year. After the recent acquisition of Rustonka office center and sale of Waltrovka office complex, this is the third major real estate investment by Korean investors in which we have been involved.”

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