BBH, the distinguished Czech law firm, has represented the Czech investment group Kaprain in its strategic acquisition of a 5.3 ha brownfield site in Libeň, a district in Prague 9, from Howden ČKD Compressors. The significant site, which is positioned near the O2 arena—a key sports and events hub and the home ground of the Sparta Praha ice-hockey team—presents a prime location for Kaprain's visionary development plans.
Kaprain's ambitious project aims to transform the area into a vibrant new district, a focal point of Prague 9, incorporating a mix of civic, public, commercial, and residential spaces. The development is set to infuse the locale with dynamic growth and enhanced urban offerings.
In structuring the deal and drafting of the transaction documentation, careful consideration and advice were given on the related issues of financing of the transaction, insurance, as well as the future development of the site.
Throughout the property sale, Colliers and PRK offered their expertise to Howden.
