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CMS Advises Poseidon Group and Mitiska Reim on Sale of Serbian Retail Parks Portfolio to Immofinanz AG

CMS Advises Poseidon Group and Mitiska Reim on Sale of Serbian Retail Parks Portfolio to Immofinanz AG

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CMS has advised the UK's Poseidon Group and Belgium’s Mitiska Reim on the divestment of their entire portfolio of retail parks in Serbia to Austria’s Immofinanz AG. Tomic Sindjelic Groza reportedly advised Immofinanz on the deal.

According to CMS, “the portfolio consists of four retail parks located in the cities of Zajecar, Leskovac, Sombor, and Sabac, [with] total GLA of 28,200 square meters. Major tenants include supermarkets Tempo and Maxi (Delhaize Serbia), as well as leading international retailers such as C&A, Deichmann, DM, H&M, Intersport, and Jysk.”

CMS’s team included Vienna-based Partners Alexander Rakosi and Sibylle Novak and Attorneys Daniel Kropf and Marie-Christine Lidl, as well as Serbia-based Partners Marija Tesic, Ivan Gazdic, Milica Popovic, and Maja Stepanovic and Attorneys Anja Tasic, Jelena Djordjevic, and Igor Djordjevic.