Klimentska 1246/1, 110 00 Praha 1, 4th floor
Tel: ++420-224 810 979, Fax: ++420-224 812 045
Group is a real estate brokerage, consulting and development group located
in Prague, Czech Republic. The group was established in mid-1992 by two
American attorneys and their Czech partners. Both American partners have
extensive experience in a wide variety of real estate transactions in
the U.S. and in the Czech Republic. The Czech members have been active
in the Czech real estate market from its beginning after 1989 and have
considerable experience with Czech business practices. The group’s office
is located at Klimentská 1, in the heart of Prague's business district.
The office is served by a competent and highly professional multi-lingual
Partners spol. s r.o.
ID No. (IC): 636 70 356; Tax Registration Number (DIC): CZ63670356; registered in the Commercial Register maintained by the Municipal Court in Prague, Section C, Insert 37852
ID No. (IC): 272 07 200; Tax Registration Number (DIC): CZ27207200; registered in the Commercial Register maintained by the Municipal Court in Prague, Section B, Insert 9723
- HOMEGLOBE a.s.
ID No. (IC): 264 43 601; Tax Registration Number (DIC): CZ26443601; registered in the Commercial Register maintained by the Municipal Court in Prague, Section B, Insert 7159
Prague Ungelt spol. s r.o.
ID No. (IC): 453 08 438; Tax Registration Number (DIC): CZ45308438; registered in the Commercial Register maintained by the Municipal Court in Prague, Section C, Insert 8090
Management Company spol. s r.o.
ID No. (IC): 654 13 199; Tax Registration Number (DIC): CZ65413199; registered in the Commercial Register maintained by the Municipal Court in Prague, Section C, Insert 44749
ID No. (IC): 614 65 984; Tax Registration Number (DIC): CZ61465984; registered in the Commercial Register maintained by the Municipal Court in Prague, Section C, Insert 29324
Development, spol. s r.o.
ID No. (IC): 452 71 496; Tax Registration Number (DIC): CZ45271496; registered in the Commercial Register maintained by the Municipal Court in Prague, Section C, Insert 9103
AA 2, s.r.o.
ID No. (IC): 256 12 506; Tax Registration Number (DIC): CZ25612506; registered in the Commercial Register maintained by the Municipal Court in Prague, Section C, Insert 54791
ID No. (IC): 271 81 413; Tax Registration Number (DIC): CZ27181413; registered in the Commercial Register maintained by the Municipal Court in Prague, Section B, Insert 9570
The Group provides
a full variety of real estate and related services, including the
and acquisition brokerage services;
estate transaction structuring, negotiation and documentation, including
the resolution of tax, financing and corporate issues;
management - design, procurement, construction management, including
cost, time and quality management of the development project and coordination
of architectural and construction firms, engineers and other project
gathering and analysis on the real estate market in Prague, general
economic, legal, tax and demographic matters, and Prague real estate
in acquiring bank financing and loan brokerage service.
Is of the most prestigious addresses in Prague, situated between Tynska,
Stupartska and Mala Stupartska Streets just 100 meters from Old Town
Square. This complex, whose foundations date from the 11th century,
was originally a customs duty collection center, and the word “Ungelt”
in fact means “toll” in archaic Czech. The courtyard is made up of buildings
built in a variety of architectural styles, the most interesting being
the beautiful, renaissance-era Granovsky Palace.
Our Group accomplished a reconstruction of the complex in the mid-90’s,
and today the buildings house roughly 7,000 sqm of prime retail and
office space. The entire office space is occupied by one of the world’s
leading professional services organizations, Deloitte & Touche,
who had their Central and Eastern European headquarters there. The
retail space has become an attractive destination for local and international
gallery, restaurant and café operators as well as first-class brand
name retailers, so that today the Ungelt Courtyard once again operates
as a center of commerce and culture.
The group completed the development of a 900 square meter building located
near the Czech General Court on Kinski Square in Prague 5. Construction
works took 9 months, before which time more than 80% of the building was
A group company now owns and manages a roughly 5,000 sqm office building
at Na Žertvách 24/132 in Prague 8. The building serves as Prima Television’s
A partner financed and purchased a 10,000 sqm complex of unoccupied office
and light-industrial buildings located at Podabradska street 55, in Prague
9. The project was successfully leased to Lucent Technologies. After leasing
part of the buildings, the group sold the assets.
An affiliate purchased land in Pankrác, Prague 4 and arranged for the
permitting for construction of a 10,000 sqm office building. The group
subsequently arranged for the sale of the permitted land.
Various Group companies hold interests in a number of additional buildings
in Prague 4, 5, and 7 or participate in development of different residential,
non-residential or industrial projects in Prague or out of Prague.
PROJECTS IN COOPERATION WITH FINEP & partners
Ungelt Partners has co-developed a residential complex of 615 apartments
in Prague 8-Troja, with FINEP & partners, one of the three
largest Czech residential developers. The project was completed in October
2004 and 100% sold-out.
Cascades II. and III.
Also with FINEP & partners, Ungelt Partners
has co-developed 706 apartments in Barrandov, Prague 5 close to Prokopske
Valley. Phase II of the project (of 312 flats) was successfully completed
near the end of 2003 and also another phase of the project – Barrandov
Cascades III. (394 flats) has been completed in the first quarter of 2005.
Both phases were sold-out before completion.
Partners also developed, again with FINEP & partners, the Mazanka
residential development in Prague 8. The complex will house circa 170
apartments with magnificent views of Prague and easy access to the new
Ladvi metro station. Completion is scheduled for the winter of 2005/2006.
In cooperation with Finep, Ungelt Partners is developing 312
flats in a residential quarter of Prague 5, on the border of Prague
districts Motol, Strahov and Høebenky. The construction of this two
phase project is scheduled to begin before the end of 2005.
PROJECTS IN COOPERATION WITH OTHER PARTNERS
The Group, together with Mr. Serge Borenstein
and the Immoconsult Group, is also developing a building of 230
luxury apartments along the Vltava river within the greater River City
complex. Located in the center of Prague along the river, with excellent
views and access to nearby fitness, tennis complexes, and parks, this
exclusive city-center development is truly the first of its kind in
Prague. Construction is to be completed in late summer 2006.
Ungelt Partners, along with Mr. Omri Sivor and Star
Group is developing a residential project of 100 flats in Prague 6,
Suchdol. The development, located near the scenic beauty of a natural
reserve, offers modern, affordable living combined with a great location
outside of Prague‘s center. Construction is scheduled for completion in
late Spring 2006 and the project is over 80% pre-sold.
Again, along with Omri Suivor and Star Group, Ungelt Partners
is developing a riverside apartment complex of over 130 flats. The development
is located in Prague 7, in the fast-growing Holesovice neighborhood. The
project which will offer scenic river views, proximity to the Prague’s
center, and a high standard of living is scheduled for completion by the
middle of 2007.
Samii - Partner and Executive Head
Samii is a New York attorney who graduated from the New York University
School of Law in 1984. In New York Mr. Samii was employed at the
firms of Lord, Day & Lord, the first law firm founded in New
York City, and Shearman & Sterling, one of the largest law firms
in the world.
experience at Lord, Day & Lord ranged from the preparation of
the bond and note Offering Statements through which New York City
raised over $20 billion a year, to the preparation and negotiation
of documents for the purchase and sale of a number of medium size
privately held companies. At Shearman & Sterling, Mr. Samii
specialized in real estate, corporate and banking transactions.
his arrival in Prague in September of 1991, Mr. Samii has, in addition
to his work with Spectrum Realty, concluded through First Prague
Ungelt in which he is a principal, a series of ground leases for
a number of buildings in the Ungelt Courtyard Complex, one of the
most historic courtyard in Europe. These are being renovated into
one of the major mixed use facilities in Prague.
Samii's real estate experience covers a wide range of transactions.
At Shearman & Sterling, he served as the Senior Associate for
several of the largest hotel acquisitions, office leases, real estate
joint ventures, mortgages and construction transactions for which
the firm was employed.
Samii's real estate experience includes the negotiation of a number
of major leases. These included two of the most significant leases
in New York City in 1989; one for Citibank N.A. and one for Viacom
Samii also negotiated a number of substantial construction agreements,
including one for the development by John Brown ENC of a chemical
plant in Texas for Enichem Elastomers, Inc.
Samii drafted and negotiated the documents for the purchase of the
London Marriott Hotel, the Munich Hotel and several other hotels
to be developed by Marriott Corporation in Europe.
Samii also represented Citibank, N.A. in the restructuring of the
debt and equity interests in the Trump Plaza Hotel.
addition, Mr. Samii has managed or participated in a number of real
estate development, mortgage and bankruptcy transactions involving
from USD 10 million to over USD 500 million.