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Clifford Chance Advises Finep on Disposal of Nova Elektra Project

Clifford Chance Advises Finep on Disposal of Nova Elektra Project

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Clifford Chance has advised Finep on the divestment of a part of Nova Elektra to AFI Europe.

According to Clifford Chance, the Nova Elektra project is a residential quarter transforming over 43,000 square meters of a former industrial and administrative area into an urban space. "The subject of the transaction were two residential buildings forming part of the Nova Elektra development consisting of 291 apartments and 309 parking spaces."

Finep is a real estate developer with a 23-year history in the Czech real estate market. 

AFI Europe Czech Republic is an investor and developer in the area of commercial and residential real estate.

In 2023, Clifford Chance advised on Finep's sale of the Harfa Project expansion (as reported by CEE Legal Matters on December 20, 2023).

The Clifford Chance team included Counsel Milan Rakosnik and Senior Associate Josef Lysonek.

Clifford Chance could not provide additional information on the matter.

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