Mint Investments has completed the acquisition of the Florence Office Center for Shinhan Investment Corporation in a first direct acquisition of a Czech prime property by a Korean investor. 27.12.2018

Mint Investments has completed the acquisition of the Florence Office Center for Shinhan Investment Corporation in a first direct acquisition of a Czech prime property by a Korean investor.

Florence Office Center is a prime office building on the edge of Prague 1 and Prague 8, which serves since 2003 as a local headquarter for KPMG, global audit, accounting and advisory firm. The property offers 11ths sq.m. of grade A offices and almost 170 parking spaces.

Senior financing was provided by Helaba, while White & Case and Cushman & Wakefield acted as legal and commercial advisors to the buyer.

Sebastien Dejanovski, Partner at Mint Investments commented on the transaction: “Korean investors have recently been very actively looking for opportunities in the Czech market, but this is the first time the Korean investor managed to bring the transaction to a successful closing. FOC combines a unique combination of excellent city center location, long unexpired lease term and strong global covenant, making it an ideal target for Shinhan to enter the central European market”.

Mint Investments group was founded in 2002 and is one of the leading real estate investors in Czech Republic and Slovakia. The total value of assets under management exceeds EUR600mn.

Mint Investments offers a full range of real estate investment services and its team of more than 50 professionals addresses all the financial, legal and technical aspects of managing real estate and development projects.

The Mint Investments group is owned by 5 partners. All partners of the company have long-term experience from major international financial and real estate companies.

The key mission of our company is to generate above average returns for our investors with the minimum risk. We manage the funds of large institutional investors as well as a number of private investors.

Helaba is a German Landesbank headquartered in Frankfurt and Erfurt and at important financial centres worldwide. As a balance-sheet lender with a sustainable business model, real estate business is focused on commercial properties in Germany, Europe and the US. Helaba started business in Central Eastern Europe in 2006. The bank finances office, retail and logistics properties in Poland, the Czech Republic and Slovakia for institutional investors, investment funds and property companies.

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