14.10.2016
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News
M&A
Real estate and construction
Legal Advice on Sale of Centro-Ostrava Shopping Park
KŠB advised Emerging Europe Properties Fund on the share-sale of WOTEG GWG-Group, owner of the Centro-Ostrava shopping park located approximately 6 from the capital of the Moravia-Silesia Region.
WOTEG GWG-Group was purchased by FOCUS Estate Fund, which is a newly incorporated fund based in Cyprus.
The Centro-Ostrava shopping park was built in 2011 and features approximately 7,700 m2 of retail space. Some of the current stores available to shoppers include perfume shop Rossmann, electrical appliance store Okay, garden equipment supplier Mountfield, and furniture and home appliances store JYSK.
KŠB was in charge of carrying out due diligence, structuring the transaction and drafting, negotiating, entering into and implementing the contractual documentation.
The parties to the contract agreed not to disclose the price of the transaction.
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