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.
The depth of experience of our team members means that over the years our specialists have supported enterprises operating in many industry sectors. Our key areas of specialisation fall into six industry sectors: real estate, retail, chemicals, technology, private equity and life sciences.
Investment volumes in the real estate market in Central and Eastern Europe are expected to grow and the real estate sector calls for flexibility and a multi-dimensional perspective. We understand the real estate sector and our dedicated real estate teams speak the industry language. This enables to us assist our clients from the initial stages of investment until they exit. The majority of our clients are large asset managers, institutional investors, and key real estate specialists operating across Central and Eastern Europe.
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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.
Chemical industry products are present in all aspects of our lives. This industry supports many other sectors, such as FMCG, automotive, agricultural, and is very complex. ASB's sector experience provides our modern and cost-effective solutions.
In our fast-developing world, technology is an increasingly integral part of our life. In this sector, companies are expanding their businesses into new markets, which results in then having to face new tax and legal challenges. ASB has implemented unique solutions aligned with the needs of our clients, so we are able to provide optimal support.
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.
Ageing and growing populations have resulted in significant increases in health care spending worldwide. Technological changes are fast and the demand for life sciences products is increasing. We assist our life sciences clients with their tax, accounting, and payroll compliance, helping these companies to grow often at a fast pace.
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.