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Welcome to the JK Advisory Website

News:

(11/2019) JKA mediated acquisition of Olomouc City shopping centre between MINT Investments and Czech Real Estate Investment Fund (CREIF).

(1/2019) JKA mediated real estate transactions with the overal 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 next cooperation.

(12/2018) JKA represented DRFG RE in aquisition of Hunter retail portfolio, RP Litoměřice and KiK Chrastava.

(12/2018) JKA team visited Klokánek (foster house) and we were happy to bring some help to those who need it.

(9/2018) In order to provide clients with more complex services, JKA opened Asset Management department led by Marketa Hodanova. Her first projects are Škofin HQ and Billa in Vinohrady.

(7/2018) In H1 2018 JKA represented clients in transactions exceeding EUR 40 million, namely sale of Škofin HQ in Prague 5, two retail parks and two supermarkets.

(9/2017) JKA has moved to new offices in Slovanský dům, Na Příkopě 22, Praha 1.

(9/2017) Summer groove at JKA. JK Advisory represented CTP in the sale of CT Retail portfolio of 19 predominantly retail properties, advised Rentera in the sale of 9 regional office buildings with CSOB as an anchor tenant and provided strategic advisory during the acquisition of OC Central Most for EPG. For more info visit our Recent transactions section.

(8/2017) JKA expanded its activity into letting of office and retail space. We represented company Dame Jidlo in selection of their new offices in Dock02 and found five new locations for company Coolomat.

(5/2017) JKA welcomes a new member of our acquisition team. Kateřina has previous experience in the field of real estate investment and consultancy. Before joining JKA she worked in Professionals, 108 Agency, Cushman and Wakefield and INVESTIKA Fund.

(4/2017) JKA represented DRFG RE in acquisition of four prime high street retail properties with office element on Lannova street in České Budějovice. The total lettable area of the properties is 6,955 sqm. The anchor tenants include Mark and Spencer, New Yorker and H&M.

(4/2017) JKA is looking for suitable locations in Prague for COOLOMAT. COOLOMAT operates innovative lockers for pick up food from eshops 24 hours a day. For more information visit www.coolomat.com

(11/2016) JKA represented Conseq Realitni in acquisition of portfolio of five supermarkets with total volume of cca 4 mil EUR.

(07/2016) JKA advised Diófa Fund Management on off-market acquisition of Europark shopping center in Budapest. Total volume exceeded EUR 30 mil.

(12/2015) JKA advised a group of private investors on purchase of a Billa retail unit in Prague. Total volume reached approx. EUR 1.3 mil.

(9/2015) JKA advised a private investor on purchase of dominant regional shopping center. Total volume exceeded EUR 50 mil.

(11/2014) JKA advised a group of private investors (CR, RU) on their purchase of Prague´s landmark property Slovansky dum, with 22 000 sqm of prime retail and office space, located on the town´s most expensive street Na Prikope.

(5/2014) We are looking for retail units and supermarkets in the Czech Republic for an international retail fund. Please contact us with offers for these properties.

About Us

JK Advisory is a boutique real estate agency. We specialize in finding properties suitable for long-term investments with a low risk factor. These are primarily commercial real estate with long-term secured income and tenants with good covenant.

Ing. Jan Kovařínský MRICS

Ing. Jan Kovařínský MRICS

Jan is a founding partner at JK Advisory and focuses on strategy, client relations, identifying investment opportunities and managing real estate transactions.

Jan has been in the real estate market since 2004, when he started his career in the investment department at King Sturge. He was responsible for sourcing investment opportunities for local and international investors looking for Czech and Slovak commercial real estate opportunities.

During his time at King Sturge and Jones Lang LaSalle, Jan was actively involved in real estate transactions worth almost EUR 800 mil. His clients include, among others, Deka Immobilien, Invesco Real Estate, ČSOB closed-end fund, Sachsen Fonds, Avestus, Hunter Property Fund, Reico and Portico Investments.

Jan graduated from the Faculty of Civil Engineering at the Czech Technical University in 2003.

Jan has been a member of the RICS since 2010.

Ing. Zdeněk Špaček MRICS

Ing. Zdeněk Špaček MRICS

Zdeněk, at JK Advisory, focuses on identifying investment opportunities, transaction management and financial performance of real estate.

Zdeněk has been active in the real estate market since 2007. His credentials include experience in the Prague and London offices of King Sturge, and Jones Lang LaSalle as a valuer and investment consultant. Prior to joining JK Advisory, Zdeněk was working at CPI, a leading Czech investment group, where he was in charge of their development projects.

Zdeněk participated in real estate transactions worth almost EUD 400 mil. and development projects worth EUR 180 mil.

Zdeněk completed the Real Estate and Development Program at the Nottingham Trent University (UK) in 2009 and the Finance, Accounting and Valuation Program at the University of Economics in Prague in 2008.

Zdeněk has been a member of RICS since 2010.

Quality, professionalism
and trust

After over 10 years of experience in international real estate companies, we have gained a comprehensive track record in investment transactions ranging from one to hundreds of millions of Euros.

Services for private
and institutional investors

Our clients include specialized real estate companies as well as wealthy private individuals. These are typically successful entrepreneurs, artists, professional athletes whose primary business is not real estate, though they increase their savings by investing into real estate.

Complex
services

Acquisitions and disposals usually require a large amount of time, funds and experience from all parties involved. Success is not attained just by coincidence, rather it is the product of detailed knowledge, a clear strategy and most importantly patient realization. Thanks to our long-standing presence in the international real estate market, as well as many successfully closed transactions both during the financial boom and recession, we have gained enough valuable experience to realise the best possible deal for your property and individual needs.

We worked with Jan and Zdenek on the Futurama BP which we acquired in 2011. They have not only introduced us the property, but also guided us through the competitive tender process and adviced us through DD. We were really happy with their services and look forward to working with them on next transactions.

T.P.
Director of transactions CEE Invesco

Real estate acquisitions

We actively source prime, long-term leased commercial real estate in established locations. We provide complex acquisition services including the coordination of the acquisition process and due diligence, and support in negotiating purchase contracts.

Finding the
right property


  • We will find the right property to suit your personal requirements using our extensive database of commercial real estate
  • We will ensure direct access to potential investment targets thanks to our close relationships with property owners and developers
  • We model different property performance scenarios based on our clients’ requirements (IRR, Cash on Cash, ROE, Equity multiple, payback period, initial and reversionary yield, profit on costs, CF, …)

Real estate
acquisition process


  • We have extensive experience with due diligence process management
  • We work closely with experienced lawyers, auditors, technical surveyors and valuers
  • We advise our clients during the whole due diligence process and purchase contract negotiations
  • We work closely with key banks present in the market and therefore are able to secure favorable real estate financing conditions

Setting-up real
estate management


  • We work closely with a number of professionals providing asset, property and facility management services. These allow investors smooth handing over of the acquired property, resulting in the streamlining of time and resource engagement as well as performance enhancement
  • At the end of the investment cycle, we maximize our clients’ revenue through a professional sale process

Real estate disposals

We provide professional services for property owners with the aim to maximize the realized sales price and minimize time spent on the sale.

Taking into consideration the demands of current investors, JKA recommends a suitable sales strategy, including: setting the selling price, preparing the investment memorandum, and presenting the project to suitable investors.

Sale set-up


  • Based on the analysis of the property and our knowledge of recent comparable transactions, we recommend the best selling price and type of sale to our clients.
  • We look for hidden potential in disposed property and advise on how to capitalize on it
  • We prepare professional Investment Memorandums, including the salient points of the disposed property and sales process
  • We identify the best potential investors active in the market through our extensive network of contacts

Selection of the best offer


  • We personally contact potential investors and conduct property viewings with interested parties, highlighting key selling points, and create a competitive bidding environment
  • Through the competitive tender process we maximize the achieved selling price

The Sale


  • We set-up and update the electronic “dataroom”
  • We coordinate legal, technical and financial advisers through the due diligence process and sales contract negotiations
  • After closing the sale, we assist our clients with the handover of the property to the buyer

Typical investment product

JK Advisory specializes in prime real estate with a long lease to 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.

This type of investment minimizes the requirements for property/ asset management, and therefore is also suitable for passive or beginning real estate investors who primarily want to save funds in this asset class.

Such properties provide Investors with returns ranging from 10 – 15% IRR p.a.

References

The purchase of M&S and Paneria units has been our largest, realized private real estate investment so far. We are happy that JKA guided us through it and helped us decide on most of the difficult aspects of this acquisition.

P.S.
Private investor

Contact us

JK Exclusive Real Estate Advisory s. r. o.

Slovanský dům, entrance P, Na příkopě 859/22, Prague 1, 110 00; ID: 04395450; registered in the Commercial Register maintained by the Municipal Court in Prague, Section C, Insert 246896.

Ing. Jan Kovařínský MRICS

E: jan@jk-advisory.com

M: +420 602 459 288

Ing. Zdeněk Špaček MRICS

E: zdenek@jk-advisory.com

M: +420 724 203 784

© 2014 by JK Advisory | Created by Ondřej Bělecký