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.
As of May 1, 2025, an amendment to the Act on Television and Radio License Fees has come into force, bringing changes to the funding system of public service media. These changes affect not only households but also companies and business entities. In addition to an increase in the fees, businesses must now comply with newly defined obligations.
The Central Register of Beneficial Owners (CRBR), which has so far functioned as a public and open source of information about company owners and decision-makers, will no longer be publicly available. This change results from a draft amendment to the Act on Counteracting Money Laundering and Terrorist Financing (commonly known as the AML Act) prepared by the Ministry of Finance. The new regulations are a response to both EU regulations and the 2022 ruling of the Court of Justice of the European Union, which highlighted the need for better protection of the right to privacy of persons identified as beneficial owners.
ASB Group provided full tax and financial due diligence and transactional advisory to MY Park - a Czech retail real estate investor, during acquisition of ten retail parks in Poland. The transaction marks MY Park’s first investment in the country and an important step in its expansion across Central Europe.
ASB Group supported another successful transaction of REICO IS EAM by providing transaction advisory services in the acquisition of Logistics Park Rokycany, which has now become part of the REICO LONG LEASE open-ended mutual fund.
Ewa Olszewska, Business Development Manager, has become this year's laureate of the Top Woman in Real Estate competition in the Tax & Accounting Services category! This distinction is awarded to women who make a significant contribution to the development of the real estate sector and related services – including supporting areas such as tax advisory, finance and banking, law, and project management.
Klara Cowan, our Group Payroll Director, will be speaking at GPA Payroll Symposium - an engaging industry event, dedicated to payroll and compliance topics.