Clifford Chance has advised Czech developer Finep on its sale of 220 new residential units – part of the Harfa project's expansion – to Dostupne Bydleni Ceske Sporitelny. Wilsons reportedly advised the buyer.
According to Clifford Chance, "this strategic move aims to strengthen affordable rental housing for professionals in critical sectors such as healthcare, education, social services, as well as security and emergency services."
Dostupne Bydleni Ceske Sporitelny is a subsidiary of Ceska Sporitelna and focuses on affordable housing.
With over 600 units already in progress, the Harfa project is poised to alleviate the challenges posed by the current housing shortage, Clifford Chance reported.
Finep is the developer overseeing the Harfa project. It has a 23-year history in the Czech real estate market. Over the years, the company delivered over 15,000 residential units and 200 houses and remains committed to diverse housing options, including personal ownership, cooperative ownership, and rental solutions, emphasizing affordability.
The Clifford Chance team included Partner Emil Holub, Counsel Milan Rakosnik, and Associate Josef Lysonek.