Kocian Solc Balastik has advised Emerging Europe Properties Fund on the share-sale of WOTEG GWG-Group, owner of the Centro-Ostrava shopping park, to FOCUS Estate Fund — a newly incorporated fund based in Cyprus. The Rutland Jezek Law Office advised the buyers on the deal. The purchase price was not disclosed.
The Centro-Ostrava shopping center is located approximately 6 from Ostrava, the capital of the Moravia-Silesia region of the Czech Republic. It was built in 2011 and features approximately 7,700 square meters of retail space. Some of the current stores available to shoppers include Rossmann perfume shop, the Okay electrical appliance store, the Mountfield garden equipment supplier, and the JYSK furniture and home appliances store.
KSB was in charge of carrying out due diligence, structuring the transaction and drafting, negotiating, entering into, and implementing the contractual documentation.
