BPV Braun Partners has advised Mint Rezidencni Fond Sicav on the acquisition of the first stage of the Vysocansky Mlyn project in Prague from Metrostav Development. BNT Attorneys-at-Law advised Metrostav Development on the deal.
According to BPV, "Mint Rezidencni Fond Sicav invests in residential properties intended for long-term rental with the aim of long-term appreciation of the investors' funds at 4-5 % per annum while minimizing investment risks. Metrostav Development is preparing the construction of up to 600 flats in the bakery complex in three stages, supplemented by commercial functions. The remaining 400 flats will be for sale." The firm further informed that "the project is located on the site of the former Odkolek Bakery in Prague's Vysocany district and the first stage will include more than 200 rental apartments in four buildings. The first stage is expected to be completed by the end of 2023."
BPV’s team included Partners Jiri Barta and Miroslav Dudek and Attorneys Jindra Pozniakova and Filip Balousek.