Welcome to the JK Advisory Website
We are a boutique real estate agency.
We specialize in acquisitions, sales, and asset management of commercial properties.
News:
(3.2020) JKA represented investment group Portiva in the acquisition of office development Astrid Offices, Prague 7. This office project is planned to be completed in 2Q 2021. Volume of the transaction was approx. EUR 20 mil.
(1.2020) We are expanding our investment team! Filip Harant has joined our team. His focus will be on sourcing investment opportunities, financial modelling, and commercial due diligence.
(12.2019) In 2019 JKA mediated real estate transactions worth nearly EUR 100 mil. We thank all our clients and suppliers for their loyalty this year and we are looking forward to further cooperation.
(11.2019) JKA mediated acquisition of Olomouc City shopping center between MINT Investments and Czech Real Estate Investment Fund (CREIF).
(8.2019) Jan Kovařínský has successfully participated in two triathlons: in Denmark (2019 European IronMan Elsinore 70,3) and the Czech Republic (CTP Doksy Race 2019 in the town of Doksy). In both cases, Jan tested the limits of his physical and mental skills. In Denmark, he managed to exceed his personal record to 5,1 hours.
(2.2019) JKA represented the DRFG RE investment group in the acquisition of RP Litoměřice and the KiK store in Chrastava.
(1.2019) JKA mediated real estate transactions with the overall value reaching 150 mil EUR in 2018. We would like to thank all our clients and partners for their trust and we look forward to the next cooperation.
(12.2018) JKA represented DRFG RE in the acquisition of Hunter retail portfolio.
(3.2020) JKA represented investment group Portiva in the acquisition of office development Astrid Offices, Prague 7. This office project is planned to be completed in 2Q 2021. Volume of the transaction was approx. EUR 20 mil.
(1.2020) We are expanding our investment team! Filip Harant has joined our team. His focus will be on sourcing investment opportunities, financial modelling, and commercial due diligence.
(12.2019) In 2019 JKA mediated real estate transactions worth nearly EUR 100 mil. We thank all our clients and suppliers for their loyalty this year and we are looking forward to further cooperation.
(11.2019) JKA mediated acquisition of Olomouc City shopping center between MINT Investments and Czech Real Estate Investment Fund (CREIF).
(8.2019) Jan Kovařínský has successfully participated in two triathlons: in Denmark (2019 European IronMan Elsinore 70,3) and the Czech Republic (CTP Doksy Race 2019 in the town of Doksy). In both cases, Jan tested the limits of his physical and mental skills. In Denmark, he managed to exceed his personal record to 5,1 hours.
(2.2019) JKA represented the DRFG RE investment group in the acquisition of RP Litoměřice and the KiK store in Chrastava.
(1.2019) JKA mediated real estate transactions with the overall value reaching 150 mil EUR in 2018. We would like to thank all our clients and partners for their trust and we look forward to the next cooperation.
(12.2018) JKA represented DRFG RE in the acquisition of Hunter retail portfolio.
About us
JK Advisory is a Czech boutique real estate agency. It specializes in identifying properties suitable for long-term investments. These are primarily commercial real estate assets with long-term secured income, tenants with a good covenant and therefore with a low risk profile of the property. | See the company profile
Quality, professionalism,
and trust
- International professional education
- 15 years of practical experience
- Mediated transactions worth 500 mil. EUR
Consultancy for Small
and Large Investors
- Czech and Central European real estate markets
- Office, retail and industrial properties
- Cooperating with local and international property owners and investors
Full-range
services
- Acquisition and Sales advisory on commercial properties
- Commercial due diligence and feasibility studies
- Asset and Property management
Ing. Zdeněk Špaček MRICS
We have partnered up with JKA on numerous transactions. What we appreciate most is their individual approach, ability to find interesting off-market opportunities as well as their proactive attitude when faced with potential transaction issues.
Josef Musil, Sales Director, DRFG RE
JK Advisory supported us in conducting an off market transaction for the sale of our retail non-core portfolio. We highly value their excellent ability to negotiate throughout the entire course of the transaction.
Remon Vos, CEO, CTP
Last year (2019), we teamed up with JKA and successfully sold the Olomouc City shopping centre to the DRFG RE Group. The sale was made as an off-market transaction. We highly appreciate the initiative and negotiation skills that JKA brought to this transaction. We look forward to future cooperation!
Sebastien Dejanovski, Managing Partner, Mint Investments
Thanks to JK Advisory and their professional consulting services, we managed to succeed in tender for the purchase of the Nestlé headquarters in Prague. Following extension of the lease contract after the purchase made this acquisition one of our most successful transactions to date.
Josef Eim, Deputy Chairman of the Board at ČMN
Real estate acquisitions
We actively source prime, long-term leased commercial real estate in established locations. We provide complex acquisition services including sourcing “tailor-made” investment opportunities, feasibility studies, coordination of the acquisition process, due diligence and support in contract negotiations.
Sourcing suitable
real estate
- We use our own database of commercial investment properties
- We source our deals through long-term relations with the owners, real estate investors, and developers.
- We model property's financial performances based on our client´s investment criteria
Providing commercial
due diligence
- We perform commercial due diligence
- We coordinate legal, technical and tax due diligence advisors
- We identify commercial risks and propose solutions
Negotiating property
acquisitions
- We have extensive experience in negotiating real estate deals
- We protect clients’ interests and seek a win-win solution
- We will help clients to secure a convenient bank financing
Real estate disposals
We provide professional services for property owners to maximize the sales price and minimize duration of the sale process. Based on our client´s needs and requirements, JKA recommends a suitable sales strategy, including sale price, investment memorandum, and target list of potential investors.
Sales set-up
- We identify client’s property and its (often hidden) business potential, we recommend the best-selling strategy and estimate the achievable price
- We prepare professional Investment Memorandums
- We identify potential investors
Selection of the best offer
- We personally approach target investors and conduct property viewings, highlighting key selling points
- Through the competitive tender process, we maximize the achieved selling price
- We evaluate the particular investment offers and recommend a suitable business partner
The Sale process
- We set-up and update the virtual dataroom
- We assist the owner with negotiation of the transaction's commercial aspects
- We coordinate legal, technical and tax advisers through the due diligence process and sales contract negotiations
Asset & property management
To provide our clients with full-range services while investing in real estate, we arrange asset and property management, enabling our clients to maintain or even increase the value of the real estate throughout the holding period.
Supervision and key suppliers management
- Property and facility management
- Accounting and reporting
- Project management and real estate agents coordination
Strategic property management
- Management of leasing strategies
- Plans and budgets preparations, control of their implementation
- Negotiating or renegotiating lease contracts
Third-party communication
- Reporting and communication with the financing bank or insurance company
- Contact with state and local authorities
- Tendering and supervisory of suppliers
Investment products
JK Advisory specializes in sourcing prime real estate products with long leases to blue chip tenants or tenants with good covenants in established locations. These attributes minimize the risk of loss of rental income, ensure easy bank financing, and guarantee a stable return thanks to capital value increase and long-term cash flow.
Office Building
- Class A or B+ office buildings
- Tenants with good covenants
- Long-term lease agreements
- Strategic locations
Retail unit
- Class A or B+ retail units
- Tenants with good covenants (often supermarkets)
- Long-term leases
- Locations with high footfall
Industrial units
- Class A or B+ industrial properties
- Tenants with good covenants
- Long-term lease
- Locations with good transport accessibility
Housing
- Residential (often apartment) buildings
- Long-term ownership and rental of the apartment units
- For reconstruction and subsequent sale of units
- Popular residential locations
References
Astrid Offices,
Praha, 2020
Volume: ca 20 mil EUR
Investor: Portiva
JKA provided advisory services to Portiva in acquisition of Astrid Offices in Prague – Holesovice. It was a forward purchase transaction with expected delivery in 2Q/2021 and total lettable area of 4 300 m2.
Olomouc City,
Olomouc, 2019
Volume: confidential
Investor: CREIF
JKA mediated acquisition of Olomouc City shopping center between MINT Investments and CREIF. Total lettable area 20,000 sqm.
Retail park Litoměřice a Kik Chrastava, 2019
Volume: confidential
Investor: DRFG
JKA represented DRFG in the acquisition of RP Litoměřice & KiK Chrastava. The total lettable area of the properties is 16,200 sqm.
HUNTER Portfolio,
CZE, 2018
Volume: confidential
Investor: DRFG
JKA represented DRFG RE in the acquisition of the HUNTER retail portfolio. The total lettable area of the properties is 35,000 sqm.
Nestlé HQ,
Prague, 2018
Volume: confidential
Investor: ČMN
JKA represented ČMN in the acquisition of the Nestlé HQ office building. The total lettable area of the property is 8,400 sqm.
Retail park Trutnov,
Trutnov, 2018
Volume: confidential
Investor: DRFG
JKA represented DRFG RE in the acquisition of retail park Trutnov. The total lettable area of the properties is 25,300 sqm.
Retail park Český Těšín,
Český Těšín, 2018
Volume: confidential
Investor: DRFG
JKA represented DRFG RE in the acquisition of retail park Český Těšín. The total lettable area of the properties is 9,500 sqm.
Škofin HQ,
Prague, 2018
Volume: confidential
Seller: Immofinanz
JKA represented Immofinanz in the sale of ŠkoFIN HQ office building. The total lettable area of the property is 6,500 sqm.
CTP Retail Portfolio,
The Czech Republic, 2017
Volume: approx. 40 mil. EUR
Seller: CTP
JKA represented CTP in the sale of 19 predominantly retail Properties in the Czech Republic with a total lettable area over 30,000 sqm.
ČSOB Office Portfolio,
CZE, 2017
Volume: over 10 mil. EUR
Seller: Rentera
JKA advised on the sale of a portfolio of 9 regional office buildings on behalf of Rentera with CSOB being an anchor tenant. The size of the portfolio exceeded 12 000 sqm.
OC Central Most,
Most, 2017
Volume: over 50 mil. EUR
Investor: EPG
JKA provided strategic advisory during the acquisition of OC Central Most to the purchaser. OC Central Most is a dominant regional shopping center with the total lettable area of over 19,000 sqm.
Four high street retail properties,
České Budějovice, 2017
Volume: not disclosed
Investor: DRFG RE
JKA represented DRFG RE in the acquisition of four prime high street retail properties with office element in the center of České Budějovice. The total lettable area of the properties is 6,955 sqm. Among the leading tenants belong Mark and Spencer, New Yorker, and H&M.
HOPI Retail Portfolio,
CZE, 2016
Volume: 100+ mil. CZK (approx. 4 mil.)
Investor: Conseq Realitní
JKA represented Conseq Realitni in the acquisition of a retail portfolio of five supermarkets Penny Markets, Billa and Norma in NW Bohemia. The total lettable area is 5,800 sqm.
Varyada Shopping center,
Karlovy Vary, 2015
Volume: over 50 mil. EUR
Investor: Private foreign investor
JK Advisory provided consultancy on purchase of a regional shopping center in the CZ for a private international investor with over 60 tenants such as H&M, M&S, New Yorker, Albert, and others.
Retail Unit (Billa),
Prague, 2015
Volume: 35 mil. CZK
Investor: Private investors (CZ)
JK Advisory represented private investors on purchase of the Billa (supermarket) retail unit in Prague and provide its asset management.
Slovanský dům,
Prague, 2014
Volume: not disclosed
Investor: Private investors
JK Advisory mediated the acquisition of Prague's landmark property Slovansky dum, with 22,000 sqm of prime retail and office space in the center of Prague.
Retail Unit (M&S)
CZE, 2013
Volume: cca 2 mil. EUR
Investor: Private investor (CZ)
JK Advisory represented a Czech private investor in the acquisition of a high street property on the main shopping street in a regional town. The premises are a long-term lease to Marks & Spencer, the international fashion chain.
Retail Unit (Paneria),
Prague, 2013
Volume: approximately 1 mil. EUR
Investor: Private investor (CZ)
JK Advisory provided an acquisition of a retail unit in the city center of Prague. A long lease to a fast-food operator.
News
Astrid Offices
JKA represented investment group Portiva in the acquisition of office development Astrid Offices, Prague 7. This office project is planned to be completed in 2Q 2021. Volume of the transaction was approx. EUR 20 mil.
We are expanding
We are delighted to welcome our new colleague Filip Harant, who is joining us to expand the investment team. He focuses on identifying investment opportunities in all segments of the commercial real estate market, as well as financial modelling and commercial due diligence.
Filip graduated from the Henley Business School in Reading in the UK (Finance and Banking Degree) and London School of Economics (Finance and Accountancy Degree). Before joining the JKA he had worked in investment departments of the consultancy companies CBRE and JLL.
JK Advisory in 2019
In 2019 we negotiated real estate deals in the total amount of 100 mil EUR. Besides other achievements, we successfully cooperated with the Czech Investment Fund DRFG and enabled it to expand its portfolio by the Olomouc City shopping center, retail park in Litoměřice and the retail store Kik in Chrastava.
Klokánek
Following the success of the previous year we have decided to help again children from the Klokánek, fund of Children in Need. This time we visited the Chabařovická street center in Prague 8, where we spent a wonderful afternoon with the children. We believe that also thanks to our contribution the children will be soon able to use the new sports playground, which is being prepared for them by Klokánek.
Olomouc City
As part of our long-term cooperation with the DRFG investment fund, we mediated the acquisition of the Olomouc City shopping center with a total lettable area of 20,000 m2.
Keeping fit
This year Jan Kovařínský successfully participated in two triathlon races: the European IronMan 70.3 Championship in Elsinore, Denmark and the CTP Doksy Race 2019 in the Czech Republic. Despite several months of thorough training, it was a challenging test of physical and psychological possibilities. We thank all friends and fans for their support, which motivated Jan in Denmark to exceed his personal record to 5.1 hours!
JK Advisory in 2018
In 2018, we mediated real estate transactions with a total value of EUR 150 million. We focused primarily on creating a real estate portfolio of retail properties for the Czech investment fund DRFG. At the same time, we were able to conclude two real estate transactions involving office buildings in Prague. We acquired the Nestlé building in Prague 4 and the ŠkoFIN building in Prague 5 for Czech investors. Thanks to the acquisition of the last-mentioned property, we are expanding the range of services offered by asset & property management in collaboration with Markéta Hodaňová, who has 15 years of experience in the AM&PM area.
Our largest transactions in 2018
We continue to cooperate with the DRFG investment fund and expand its real estate portfolio consisting mainly of retail properties. At the end of 2018, we managed to acquire the Hunter portfolio, which includes fully leased properties with a total lettable area of 35,000 m2.
We help
At the end of the year we visited Klokánek - fund of Children in Need. During our day-long visit, we helped with childcare, gave Christmas gifts and made a donation to support the organization's activities.
We are expanding
We'd like to welcome new colleagues Markéta Hodaňová and Světlana Barabáš. Markéta is an asset & property management specialist with 15 years of experience in TK Development, Carrefour, Cenor and King Sturge.
Světlana is a business development manager and is in charge of Czech and foreign private clients. Světlana uses her previous experience from Aquent, United Bakeries and FastFlex, where she established contacts with Czech business leaders.
JK Advisory in 2017
In 2017, we concluded real estate transactions with a total value of EUR 100 million. One of the most significant transactions was the acquisition of OC Most for the Austrian investment company EPG for approximately EUR 50 million. Furthermore, on behalf of CTP Invest, we sold a portfolio of 19 mainly retail properties for almost EUR 40 million. We also participated in the sale of 9 office properties in regional cities of the Czech Republic, where ČSOB Bank branches are located. In 2017, we also celebrated the 5th anniversary of our consulting company. We moved to new offices in Slovanský dům in the center of Prague and we welcomed Kateřina Vincourková, who focuses on investment opportunities in commercial real estate, especially in Prague.
We are moving
We spent the end of summer 2017 packing into boxes all that was needed for the new offices. After five years in Široká Street, we are moving to Slovanský dům Na Příkopě No. 22 in Prague 1.
We are expanding
We are happy to welcome new member to JK Advisory - Kateřina Vincourková. Kateřina previously worked for Cushman & Wakefield, 108 AGENCY and real estate fund INVESTIKA. Kateřina will be identifying investment and letting opportunities, especially in Prague.
JK Advisory Milestones
- 2018 | We mediated real estate transactions worth more than EUR 150 million. We are expanding our range of services by asset & property management and our team.
- 2017 | We were involved in real estate transactions totalling more than EUR 100 million. We are moving to new offices in Slovanský dům in the center of Prague and expanding our team.
- 2016 | We arranged transactions for more than EUR 100 million and participated in transactions in the CEE region.
- 2015 | We concluded real estate transactions with a total value of almost EUR 80 million.
- 2014 | Milestone transaction. For private investors, we have acquired Slovanský dům in Prague 1.
Contact us
JK Exclusive Real Estate Advisory s. r. o.
Slovanský dům
Na Příkopě 859/22
Entrance P
110 00 Praha 1
CIN: 04395450
Registered in the Commercial Register administered by the Municipal Court in Prague, Section C, Insert 246896
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