Clifford Chance Prague Association advises Finep on the strategic sale of Stodůlky Residential

Clifford Chance Prague Association advised Finep, a prominent Czech developer, on the strategic sale of Stodůlky Residential rental project to REICO NEMOVITOSTNÍ (RN). This landmark transaction marks RN’s second acquisition in the residential rental housing sector, further diversifying its traditionally commercial property-focused portfolio and strengthening its stability against fluctuations in the real estate market.

Stodůlky Residential, part of the Britská čtvrť development, is a modern residential project that will feature 219 rental apartments across three buildings, with a total floor area of 10,400 m². The project benefits from an excellent location, with the nearby Metro B line offering easy access to both the city center and the Václav Havel Airport. The construction is scheduled to commence in April 2025, with completion expected within three years.

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.

RN, the largest and oldest real estate fund in the Czech Republic, has a robust portfolio of 20 properties across the Czech Republic, Slovakia, and Poland, valued at nearly 38 billion CZK. By the end of March 2025, over 140,000 shareholders had invested in the RN fund, and the fund's return over the past 12 months was 4.38%.

The Clifford Chance Prague Association team working on this transaction was led by partner Milan Rákosník with support from associate Jan Christelbauer and junior lawyer Filip Crnčević.