Kocian Solc Balastik has advised Arete on its acquisition – and leaseback – of an industrial site in Milovice from AAS Automotive and the Decotek Group. Taylor Wessing reportedly advised the sellers.
The Arete Group focuses on real estate investments in the CEE region through its investment funds. According to KSB, “it is currently investing through the third investment fund Arete Industrial, whose portfolio now includes a newly purchased industrial hall near Milovice in Central Bohemia with an area of more than 8,000 square meters and additional land for future expansion with an area of over 22,000 square meters.”
According to KSB, “AAS Automotive and its new owner, Irish company Decotek Group, both specialize in the manufacture of car roof racks and other components for the global automotive industry. AAS Automotive's biggest customers include Skoda Auto, but it also supplies Porsche and Aston Martin. AAS Automotive will remain a long-term tenant in the Milovice site following the sale.”
KSB’s team included Partner Jiri Hornik, Lawyer Jakub Porod, and Junior Lawyer Zuzana Slaba.