The Clifford Chance team provided full legal support to Dandreet throughout the transaction, including structuring, due diligence and comprehensive transactional advisory, covering real estate, corporate, and financing aspects.
Emil Holub, partner at Clifford Chance Prague Association, commented: "We are proud to have supported Dandreet on this strategic acquisition, helping strengthen their portfolio with their first asset in Prague. Working with their team was a real pleasure."
Novo Plaza is a vibrant shopping centre located on Novodvorská Street in Prague 4. The centre features over 80 retail units, restaurants and cafés across two levels, complemented by a wide range of everyday services. It offers a total retail area of approximately 25,000 sqm and provides spacious underground and outdoor parking for around 900 vehicles, making it a convenient shopping destination for the surrounding residential districts.
Dandreet, founded in 2009, is a prominent Czech real estate developer and investor of large-scale mixed-use, commercial, residential, and urban regeneration projects. The company focuses on prime downtown locations in key regional cities, delivering sustainable and architecturally distinguished developments that blend seamlessly with the urban environment. Its achievements include landmark properties such as Galerie Šantovka in Olomouc or Galerie Teplice.
Our team advising on the transaction was led by partner Emil Holub and senior associate Šárka Hrdá. The team was further supported by Filip Crnčević.