March 2025 – Kinstellar recently advised DSV, a global leader in freight forwarding, on the sale and leaseback of its newly constructed logistics park in Senec, Slovakia. The logistics park was acquired by REICO LONG LEASE, an open-ended real estate mutual fund managed by REICO investiční společnost Erste Asset Management. The property’s location in a prime Slovak logistics sub-market, with exceptional connectivity to major European markets, enhances its strategic value.
This innovative logistics facility spans approximately 69,600 sqm of gross leasable area and features a robust Environmental, Social, and Governance (ESG) profile. The park is distinguished not only by its size and location but also by its commitment to sustainability.
Our team at Kinstellar provided comprehensive legal support to DSV throughout the entire project lifecycle, from the acquisition of land plots in 2022 to the sale and leaseback transaction. We played a key role in drafting and negotiating the transaction documents, including the share purchase agreement and long-term lease agreement, both of which were integral in achieving our client’s commercial and strategic objectives.
This transaction represents the largest sale-and-leaseback deal in Slovakia since 2018. We are proud to have supported DSV in this landmark deal, further solidifying our position as trusted legal advisors in major real estate transactions.
Our team at Kinstellar was led by Adam Pichler (Senior Associate) and included Alexandra Milde (Junior Associate).