Finep Concludes Sale of Stodulky Residential to Reico Nemovitostni
Deal News | Apr 17, 2025 | CEE Legal Matters
Clifford Chance provided legal counsel to Finep, a Czech real estate developer, in the sale of its Stodulky Residential rental project to Reico Nemovitostni, a real estate fund. Finep, known for its 30-year presence in the Czech real estate market, managed the development as part of the larger Britska Ctvrt project. The sale involves 219 modern rental apartments across three buildings, totaling 10,400 square meters, with construction set to start in 2025 and expected completion in three years. Reico Nemovitostni, an active player in the Central European real estate market, maintains a 38 billion CZK portfolio across the Czech Republic, Slovakia, and Poland. Clifford Chance's advisory team included Partner Milan Rakosnik, Associate Jan Christelbauer, and Junior Lawyer Filip Crncevic, while Wilsons reportedly advised the buyer, Reico Nemovitostni.
Sectors
- Real Estate
- Legal Services
Geography
- Czech Republic – Both the seller, Finep, and the buyer, Reico Nemovitostni, are based in the Czech Republic, and the real estate project is also located there.
- Central Europe – Reico Nemovitostni's real estate portfolio spans the Czech Republic, Slovakia, and Poland, highlighting a broader regional interest.
Industry
- Real Estate – The article discusses a transaction involving a residential rental project between two entities focused on real estate development and investment.
- Legal Services – Clifford Chance, a legal advisory firm, played a significant role in advising on the transaction, indicating the involvement of the legal services industry.
Financials
- CZK 38 billion – The value of Reico Nemovitostni's real estate portfolio, indicating the scale of their operations in Central Europe.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Finep | Selling Company | Company | A Czech Republic-based real estate developer active for 30 years. |
| Reico Nemovitostni | Buying Company | Company | A real estate fund with a sizeable portfolio in Central Europe, including the Czech Republic, Slovakia, and Poland. |
| Clifford Chance | Legal Advisor | Company | A major international law firm advising Finep on the transaction. |
| Wilsons | Legal Advisor | Company | Reportedly advised Reico Nemovitostni on the transaction. |