ASB Group advised Mitiska REIM on the acquisition of a retail center
ASB Slovakia provided transaction advisory services to the investor Mitiska REIM, which has become the new owner of OC Cassovia, a prime retail center located in eastern Slovakia.
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The retail sector has been influenced by the Internet and the growing popularity of mobile technologies and social media. Competition and responsiveness to customers’ needs are huge challenges to retail businesses. We take care of our client's accounting and administration, so that they can fully focus on adopting to the changing environment.
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The CEE private equity market continues to growth. Companies financed via private equity investments spread their wings quickly and stimulate the economy. We cooperate with investors in the private equity and venture capital area, and our dedicated transaction team has a strong track record in assisting clients in various acquisitions and divestitures. We understand the mechanisms affecting the investment sector and successfully support to achieve their investment goals.
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ASB Slovakia provided transaction advisory services to the investor Mitiska REIM, which has become the new owner of OC Cassovia, a prime retail center located in eastern Slovakia.
The Polish Ministry of Finance has released the final version of its official explanations (“Explanations”) on the application of the so-called beneficial owner clause for the purposes of withholding tax (“WHT”). This document is of high importance to entities making payments subject to Polish WHT. It provides more clarity on how remitters should interpret and apply the beneficial owner requirement when determining whether preferential WHT treatment can be applied.
ASB Group represented the seller, GARBE, in the sale of GARBE Park České Budějovice. As the project includes not only logistics halls but also development land, the transaction value exceeded EUR 100 million. This makes it one of the largest industrial real estate transactions completed in the Czech Republic in the first half of this year.