Clifford Chance has advised Finep on the sale of its Stodulky Residential rental project to Reico Nemovitostni. Wilsons reportedly advised Reico Nemovitostni.
Finep is a Czech Republic-based real estate developer that has been operating for 30 years.
Reico Nemovitostni is a real estate fund in the Czech Republic. It has a portfolio of 20 properties across the Czech Republic, Slovakia, and Poland valued at nearly CZK 38 billion.
According to Clifford Chance, Stodulky Residential is part of the Britska Ctvrt development and comprises 219 modern rental apartments across three buildings with a total floor area of 10,400 square meters. Construction is scheduled to commence in April 2025 and is expected to be completed within three years.
The Clifford Chance team included Partner Milan Rakosnik, Associate Jan Christelbauer, and Junior Lawyer Filip Crncevic.