Achour & Partners is advising a major contracting authority on a deal valued at approximately CZK 1.6 billion including a residential development project and upgrade to a site in central Prague. Our services include the preparation of key transaction documents.
The transaction concerns the development of an existing bus terminus site including links to a nearby metro station and the construction of new buildings. The project calls for the construction of multi-purpose buildings that will house more than 300 apartments along with business premises. Aside from this development, contractors will be responsible for the building of a new bus terminus including facilities for drivers, redevelopment of parts of the nearby metro station and the creation of metro passages to the building.
Our team is also advising on related investments, the redevelopment of the entire site including a new public square, the reconstruction of the train station and easements needed for the operation of public transport in Prague.