Clifford Chance advises PPF banka on its financing of Crestyl’s development of a residential project Zámecké zahrady

The Prague office of Clifford Chance advised PPF banka a.s. on the financing of Zámecké zahrady III., s.r.o. and the development of 33 residential homes. The properties are situated in a serene location, part of the newly emerging area of Zámecké zahrady neighborhood in Vysoký Újezd, near Prague. The residential project is developed by Crestyl, a prominent player on the real estate market.

PPF banka is the hub of PPF Group’s financial activities. The bank has built its services on professional expertise and unique solutions which emphasize added value, for corporate, public- and private-sector customers. Among others, PPF banka provides financing for commercial and residential real estate and other development projects.

Crestyl is recognized as a market leader in the development of multipurpose residential, retail, and commercial properties. The company has been operating on the Czech real estate market for more than twenty years and is currently actively developing several sites all over the Czech Republic, including Zámecké zahrady project.

The transaction was led by senior associate Hana Čekalová, under the supervision of managing partner Miloš Felgr. The team also included junior lawyers Ondřej Šteco and Adam Fanta, who played essential roles in advising on this financing.