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Balcar, Polansky & Spol. Advises Skanska on Purchase of Land for Development of Prague Housing Project

Balcar, Polansky & Spol. Advises Skanska on Purchase of Land for Development of Prague Housing Project

Czech Republic

Balcar, Polansky & Spol. has advised Skanska Reality on its CZK 841 million purchase of eight hectares of land for the development of a housing project in Prague-Vysocany from Codeco UK. The sellers were represented by Radek Budin of Advokatni Kancelar Holub. 

Skanska Reality plans to develop a large residential district -- to be named the Emil Kolben district, after a prominent Czech entrepreneur -- with approximately one thousand apartments in a location near Prague's Kolbenova metro station. 

The area has been zoned for residential use in the master plan, and Skanska plans to launch an architectural contest for the project. Part of the area already has a construction permit, allowing Skanska to break ground on the first phase immediately.

The Balcar, Polansky & Spol team consisted of Managing Lawyer Radim Polansky and Lawyer Lenka Naxerova.

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For more than 25 years PRK Partners has been providing top tier, comprehensive legal services in all areas of law – always at the highest professional level. The company’s offices in Prague, Ostrava and Bratislava, as well as its specialised teams of legal practitioners and tax advisors, allow PRK Partners to offer solutions to any kind of legal issues, providing an international point of view and in-depth knowledge of the respective local legal system.

The full-service law firm has worked on many of the region’s largest and most complex transactions. The firm puts emphasis on the highest standards of quality, efficiency and flexibility in its advisory services, which are tailored to the specific requirements of each client. 

Our team is composed of professionals with international education and experience. The firm frequently works on a non-exclusive basis with leading international law firms on large cross-border transactions.

PRK Partners is consistently recognised among the top law firms by leading international and domestic directories and ratings agencies and has been honoured with numerous awards: 

• National Law Firm of the Year 2016 by the Chambers Europe Awards, the most prestigious international law firm competition. This is the fifth award PRK Partners has received since the awards were first given; National Law Firm of the Year 2014, 2013 and 2010 and Law Firm of the Year 2012 for Best Client Service.

• 2018 Best Law Firm of the Year in the category of Banking &Finance and the absolute winner in the main category of the Domestic Law Firm of the Year awards organised by epravo.cz under the auspices of the Czech Bar Association three times since the award's inception (in 2016, 2013 and 2011).

• a finalist of the Central European Law Firm of the Year category in The Lawyer European Awards 2018. 

The firm has a strong commitment to corporate social responsibility and pro bono work.

PRK Partners is the exclusive member firm in the Czech Republic for Lex Mundi, the world’s leading network of independent law firms, with in-depth experience in 100+ countries worldwide. In addition, the firm is a member of Celia Alliance, AFI (Association for Foreign Investment) and CVCA (the Czech Private Equity and Venture Capital Association).

Firm's website: www.prkpartners.com

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