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Clifford Chance Advises BPD Development on Disposal of Land in Prague

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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.

Editor's Note: After this article was published, AK Felix confirmed its involvement to CEE Legal Matters. The firm's team included Partners Tomas Pekarek and Tomas Homola and Junior Associate Vaclav Podhorsky.

Czech Republic Knowledge Partner

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.

PRK Partners has been repeatedly voted among the most socially responsible firms in the category of small and mid-sized firms and was awarded the bronze certificate at the annual TOP Responsible Firm of the Year Awards.

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.).

Firm's website: www.prkpartners.com

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