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Kocian Solc Balastik Advises Arete on Acquisition of Milovice Industrial Site

Kocian Solc Balastik Advises Arete on Acquisition of Milovice Industrial Site

Czech Republic
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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.

Kocian Solc Balastik at a Glance

Kocian Solc Balastik (KSB) is one of the few Czech law firms who have been on the market for over 30 years and is still independent. With a team of almost seventy legal and tax specialists operating in Prague, Karlovy Vary and Ostrava, KSB is one of the largest law firms in the Czech Republic.

Thanks to the ratings of clients and our competitors, we are a highly respected and acknowledged law firm, as evidenced by a number of prestigious awards, especially the four-time Chambers Europe Award for Excellence for the best law firm in the Czech Republic, often we have been the only purely Czech law firm among the nominees.

Our priority is to provide added value to clients. Therefore, we know the specifics of their business and adapt the proposed solutions to the client’s context, with great emphasis on professional ethics and building long-term relationships based on mutual trust and respect.

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