September 2024 – Kinstellar has successfully advised Mitiska European Real Estate Partners 3 on the acquisition of a 50% ownership interest in OP Centrum Retail 2 from OPC Group. The target of the transaction, OP Centrum Retail 2, is currently developing a retail park in Liptovský Mikuláš in northern Slovakia.
Mitiska European Real Estate Partners 3 (“MEREP 3”) is a fund owned by Mitiska REIM, a leading specialist investor in European convenience real estate. Kinstellar has also recently advised Mitiska REIM on the acquisition of four other retail parks from OPC Group—including Point Skalica, Point Sládkovičovo, Point Žiar nad Hronom, and Point Veľké Kapušany—as part of Mitiska REIM’s plans to expand its retail park portfolio in Slovakia.
OPC Group is a development company with more than 15 years of experience in the field of commercial real estate that is active mainly in Slovakia but also operates in other EU countries.
Kinstellar assisted MEREP 3 throughout the entire transaction process, including due diligence of the target, the SHA and SPA negotiation processes, transaction and escrow documentation, signing and closing. Financial terms of the deal were not disclosed.
Kinstellar’s team in Bratislava was led by Roman Oleksik (Partner) and Dominika Bajzáthová (Counsel) and consisted of Dáša Labašová (Managing Associate), Michaela Straková (Associate), and Martin Dančo (Junior Associate).