Mitiska REIM Expands with Bratislava Land Acquisition
Deal News | Feb 05, 2025 | CEE Legal Matters
Kinstellar, a legal service provider, has advised Mitiska REIM's First Retail International 2 fund on acquiring land in Bratislava. This transaction aims to develop the Podunajska Brana retail park through a joint venture with Asset Services. Financial specifics of the deal remain undisclosed. Mitiska REIM continues its strategic focus on investing in European convenience real estate, concentrating on retail parks, and has already allocated over €200 million in related acquisitions and development projects across several countries, including Spain, Portugal, Germany, and others. The advisory team from Kinstellar's Bratislava office includes Partner Roman Oleksik, Managing Associate Dasa Labasova, and Junior Associate Martin Danco.
Sectors
- Real Estate
- Investment Management
- Legal Services
Geography
- Slovakia – The land acquisition by Mitiska REIM's fund occurred in Bratislava, Slovakia.
- Czech Republic – Asset Services, the joint venture partner, is based in the Czech Republic.
- Europe – Mitiska REIM's investment strategy is focused on European convenience real estate across multiple countries.
Industry
- Real Estate – Involves the acquisition of land for property development, indicative of the real estate industry.
- Investment Management – Mitiska REIM is a specialist investment management firm focusing on retail real estate investment.
- Legal Services – Kinstellar provided legal advisory services on the acquisition.
Financials
- EUR 200 million – Amount of equity already deployed by FRI 2 fund for acquisitions and development projects across Europe.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mitiska REIM | Buyer | Company | An investment management company specializing in European retail real estate. |
| First Retail International 2 (FRI 2) | Target Company | Company | A fund specifically investing in retail parks, part of Mitiska REIM. |
| Asset Services | Joint Venture Partner | Company | Provides development, property, and facility management services, based in the Czech Republic. |
| Kinstellar | Legal Advisor | Company | Provided legal advisory services for the acquisition, with a team in Bratislava. |
| Roman Oleksik | Partner | Person | Partner at Kinstellar based in Bratislava, led the advisory team. |
| Dasa Labasova | Managing Associate | Person | Part of the Kinstellar legal team advising on the transaction. |
| Martin Danco | Junior Associate | Person | Part of the Kinstellar legal team advising on the transaction. |