SES Spar European Shopping Centers Acquires Arkadia Retail Park in Slovenia
Deal News | Jun 25, 2025 | CEE Legal Matters
Cerha Hempel and Selih & Partnerji law firms played a pivotal role in SES Spar European Shopping Centers' strategic acquisition of the Arkadia Shopping Center retail park from Generali Adriatic Value Fund I. Situated in Domzale, near Ljubljana, Slovenia, Arkadia features approximately 11,000 square meters of leasable space encompassing 19 retail stores and is complemented by 346 parking spaces. The notable law teams included Cerha Hempel's Partners Mark Krenn and Bernhard Kofler-Senoner, alongside Associates Philipp Schaubach and Bernhard Lichtneger, and Selih & Partnerji's Partners Blaz Ogorevc, Miha Stravs, and Spela Arsova, with additional legal expertise from Attorney at Law Domen Kavka and Senior Associate Blaz Murko. The selling party received advisory services from legal practitioner Dunja Jandl as the transaction concluded under Generali Investments Slovenija's management.
Sectors
- Real Estate
- Legal Services
- Investment Management
Geography
- Slovenia – The acquisition of the Arkadia Shopping Center took place in Slovenia.
- Austria – Cerha Hempel, advising the acquirer, is based in Austria, indicating cross-border legal involvement.
Industry
- Real Estate – The article involves a transaction in the commercial real estate sector with the acquisition of a retail park.
- Legal Services – Multiple law firms were involved in advising on the transaction, highlighting the legal services industry's role in M&A activities.
- Investment Management – The seller is a value fund managed by an investment management company, indicating the role of investment firms in this transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| SES Spar European Shopping Centers | Bidding Company | Company | The acquirer of Arkadia Shopping Center. |
| Arkadia Shopping Center | Target Company | Company | The retail park acquired by SES. |
| Generali Adriatic Value Fund I | Selling Company | Company | Managed by Generali Investments Slovenija, it was the owner of Arkadia before the sale. |
| Generali Investments Slovenija | Other | Company | Managed the fund that sold Arkadia. |
| Cerha Hempel | Legal Advisor | Company | Legal firm advising SES Spar on the acquisition. |
| Selih & Partnerji | Legal Advisor | Company | Provided legal counsel in collaboration with Cerha Hempel. |
| Dunja Jandl | Legal Advisor for Seller | Person | Provided legal advice to the seller. |