The Prague office of Clifford Chance has advised BPD Development on the sale of its strategic development land at the end of Smíchovská náplavka to Daramis, a renowned residential developer and investor. As one of the last available development sites along the Vltava River, this exceptional location presents a unique opportunity for future high-end development project.

Clifford Chance and BPD Development long-standing collaboration has been marked by a series of successful transactions over the years, reflecting strong and enduring partnership. Clifford Chance advised BPD Development, among others, on the acquisitions of the Cube Office Center and the office complex known as “Argo Alpha” and the sale of The BLOX office building.

BPD Development is part of BPD Partners, a Czech family office founded in 2011, focuses on four key areas of development: life science, industrial projects, energy industry and real estate. The group’s real estate portfolio includes new residential buildings and office buildings in prime locations, alongside the renovation and management of historically and architecturally significant buildings.

Daramis is a Czech real estate developer and investor with over 20 years of experience in the real estate market. The company engages in a wide range of real estate activities, primarily focusing on new residential projects. Their portfolio also includes commercial buildings and hospitality projects.

The Clifford Chance team working on this transaction was led by counsel Milan Rákosník and partner Emil Holub. The team was further supported by counsel Petr Šebesta and associate Šimon Dušek.