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Havel & Partners Advises City of Prague on Passerinvest Group’s CZK 184 Million Investment

Havel & Partners Advises City of Prague on Passerinvest Group’s CZK 184 Million Investment

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Havel & Partners has advised the City of Prague on Passerinvest Group’s CZK 184 million investment to develop the area where its real estate project is being implemented, according to the new Prague methodology of investor participation.

According to Havel & Partners, this is the first agreement made “in accordance with the Prague Methodology of Investor Participation. On the basis of the methodology, developers financially contribute to the development of the area in which their development project is implemented.” Furthermore, “the developer will contribute nearly CZK 46 million to the development of the area [near the Roztyly metro station], and will build a traffic feeder, an extensive park, several elements of blue-green infrastructure and part of a cycle path in the same location for a further CZK 138 million.”

Havel & Partners’ team included Partner Frantisek Korbel, Counsel Jan Fikar, and Associate Tomas Kalensky.

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PRK Partners, one of the leading Central European law firms, has been helping clients achieve their business objectives almost 30 years. Our team of lawyers, based in our Prague, Ostrava, and Bratislava offices, has a unique knowledge of Czech and Slovak law and of the business environment. Our lawyers studied at top law schools in the United States, United Kingdom, Switzerland and elsewhere. They also have experience working for leading international and domestic law firms in a number of jurisdictions. We speak your language, too. Our legal team is fluent in more than 15 languages, including all the key languages of the region.

PRK Partners has one of the most experienced legal teams on the market. We are consistently rated as one of the leading law firms in the region. We have received many significant honours and awards for our work. We represent the interests of international clients operating in the Czech Republic in an efficient way, combining local knowledge with an understanding of their global requirements in a business-friendly approach. We are one of the largest law firms in the Czech Republic and Slovakia. Our specialised teams of lawyers and tax advisors advise major global corporations as well as local companies. We provide comprehensive legal advice drawing on our profound knowledge of local law and markets.

Our legal advice delivers tangible results – as proven by our strong track record. We are the only Czech member firm of Lex Mundi, the world's leading network of independent law firms. As one of the leading law firms in the region, we have received many national and international awards, in some cases several years in a row. Honours include the Chambers Europe Award for Excellence, The Lawyer and Czech and Slovak Law Firm of the Year. Thanks to our close cooperation with leading international law firms and strong local players, we can serve clients in multiple jurisdictions around the globe. Our strong network means that we can meet your needs, wherever you do business.

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Our work is not only “business”: we have participated on a longstanding basis in a wide variety of pro bono projects and supported our partners from the non-profit sector (Kaplicky Centre Endowment Fund, Tereza Maxová Foundation, Czech Donors Forum, etc.).

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