ASB Group advised PORTIVA on acquisition of Ivančice retail park

Jan. 9, 2020 Czech Republic

ASB Group advised the Czech investment group PORTIVA on a successful acquisition of a retail park in Ivančice (South Moravia). ASB services included financial and tax advisory.

The retail park consisting of total lettable area of 5 thousand square meters was acquired from the Austrian development group Aventin. The centre is fully occupied by 14 tenants with long-term contracts and its roof is installed with photovoltaic solar panels.

The acquisition is part of a bundle of shopping parks that PORTIVA and its partners will acquire over the next few years. The total transaction will likely exceed CZK 2 billion.

The investment group PORTIVA was formed in 2018 and it has invested mainly in the green energy assets so far. The value of assets is approximately CZK 3.1 billion.

The ASB Group team on this transaction was led by Ivan Štefánik (Head of Transaction Team) and Jana Pytelková Svobodová (Head of Tax Team).

ASB Group is a professional advisory firm providing services in the areas of accounting, tax, payroll, transaction support and M&A, and corporate services. ASB Group provided support to its clients in connection with many major transactions in the CEE region, both on the buy and the sell side, in various industries, consisting mostly of financial and tax due diligence, purchase price mechanism and SPA advisory and tax structuring.