Heimstaden Bostad AB’s €1.3 Billion Acquisition of Residential Portfolio in Czech Republic

Dentons and Simpson Thacher represented Round Hill Capital and Blackstone Tactical Opportunities on the deal.

Heimstaden Bostad AB executed the acquisition of a €1.3 billion residential real estate portfolio in the Czech Republic.

The portfolio, owned and operated by RESIDOMO, is the largest privately held residential portfolio in the Czech Republic. It consists of approximately 4,515 assets with 42,584 residential units and 1,675 commercial units in the city of Ostrava and surrounding Moravia-Silesia region.

Funds advised by Round Hill Capital and Blackstone Tactical Opportunities acquired the portfolio in 2015, and have since made significant investments into maintenance, refurbishment and additional services for tenants. Dentons also advised on the 2015 acquisition.

Heimstaden Bostad is one of the leading residential property companies in the Nordic countries.

Round Hill Capital LLC operates as a real estate private equity firm, offering investment management, asset management, and other real estate services in Europe.

Blackstone Tactical Opportunities (Tac Opps) is an opportunistic investing platform seeking to capitalize on global investment opportunities that are time-sensitive, complex, or in dislocated markets where we believe risk is fundamentally mispriced.

Dentons team was led by Evan Lazar (Picture), Co-chair of Dentons’ global Real Estate group, along with partners Stewart Middleman and Markéta Tvrdá, all based in the Prague office.

The Simpson Thacher team included Samuel Charlton, Wheatly MacNamara, Ryan Ng and Max Spindler (Real Estate); Preston Miller (Antitrust and Competition); William Smolinski (Tax); Gil J Strauss and Srishti Gupta (Capital Markets); and Jonathan Lindabury and Caitlin L. Wood (Derivatives).

Involved fees earner: Evan Lazar – Dentons; Stewart Middleman – Dentons; Markéta Tvrdá – Dentons; Samuel Charlton – Simpson Thacher & Bartlett; Srishti Gupta – Simpson Thacher & Bartlett; Jonathan Lindabury – Simpson Thacher & Bartlett; Wheatly MacNamara – Simpson Thacher & Bartlett; Preston Miller – Simpson Thacher & Bartlett; Ryan Ng – Simpson Thacher & Bartlett; William Smolinski – Simpson Thacher & Bartlett; Max Spindler – Simpson Thacher & Bartlett; Gil Strauss – Simpson Thacher & Bartlett; Caitlin Wood – Simpson Thacher & Bartlett;

Law Firms: Dentons; Simpson Thacher & Bartlett;

Clients: Blackstone Tactical Opportunities; Round Hill Capital;