The residential building in Prague’s Hloubětín is the fourth completed rental housing project owned by real estate group Mint within its residential fund. The development was created through the full reconstruction of a former industrial building that previously served as a clothing warehouse for Textil Praha. The property, comprising 168 apartments designated exclusively for rental, was developed by Finep. The first tenants are expected to move in at the beginning of next year.
Finep, a leading real estate developer, boasts a 30-year history as a market influencer in the Czech real estate market. Over the years, the firm has delivered over 17,000 residential units and 200 houses. Finep remains committed to offering diverse housing options, including personal ownership, cooperative ownership, and rental solutions, with emphasis on affordability.
Mint Investments has traditionally focused on investments in and the management of commercial real estate. More recently, the Group has expanded into the rental housing sector, pursuing an ambitious strategy to build a portfolio of 10,000 rental apartments within the next decade. The Group is owned by five partners, including Radim Bajgar, former Vice President of Deutsche Bank in London, and Paris-born Sebastien Dejanovski, formerly a marketing manager at the real estate development company AFI Group.
The Clifford Chance Prague Association team working on this transaction was led by partner Milan Rákosník with support from junior lawyer Šimon Pavlas.