ASB Group provided comprehensive tax and financial due diligence services for RSJ Investments and Upvest during their acquisition of a 25% stake in Centrum Černý Most, the third largest department store in the Czech Republic.
This strategic acquisition involves a joint venture with the current owner, Unibail-Rodamco-Westfield (URW), which will retain majority ownership and continue to manage, operate, and develop the shopping center.
Centrum Černý Most, with a current leasable area of 85,000 square meters, is set to expand by an additional 9,000 square meters, enhancing its position as a premier retail destination. The collaboration between RSJ Investment, Upvest, and URW aims to leverage their combined expertise to drive further growth and development of the shopping center.
Congratulations to our team in Prague and to all parties involved! Thank you for your excellent cooperation!