Clifford Chance has advised BPD Development on the sale of its development land in Prague to Daramis. AK Felix reportedly advised Daramis.
BPD Development is part of BPD Partners, a Czech family office founded in 2011 that focuses on life science, industrial projects, the energy industry, and real estate. The group's real estate portfolio includes new residential buildings and office buildings as well as building renovation and management.
Daramis is a residential developer and investor with over 20 years of experience in the real estate market.
According to Clifford Chance, “as one of the last available development sites along the Vltava River, this exceptional location presents a unique opportunity for future high-end development projects.”
The Clifford Chance team included Partner Emil Holub, Counsels Milan Rakosnik and Petr Sebesta, and Associate Simon Dusek.