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Dorda Advises Supernova on Acquisition of DIY Retail Properties in Croatia

Dorda Advises Supernova on Acquisition of DIY Retail Properties in Croatia

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Dorda Rechtsanwalte has advised Austrian real estate investor and developer Supernova Group in its successful acquisition of four DIY retail properties in Croatia: The Garden Mall shopping center in Zagreb, two retail parks in Koprivnica and Sisak, and one property in Pozega. For the Croatian legal aspects, Dorda collaborated with Pecarevic & Relic.

According to Dorda, "Supernova acquired the properties by becoming best bidder in an international bidding process against several other competitors for the acquisition of the NPL claims of HETA while at the same time managed to reach a settlement with the relevant real estate owner."

The Dorda team was again led by Partners Felix Horlsberger and Christian Ritschka, who have recently advised Supernova in the successful sale of nine DIY stores in Austria and Slovakia to South African investor Accelerate Properties (as reported by CEE Legal Matters on January 11, 2017). "We are delighted to have successfully advised our client Supernova in two complex transactions within such a short period of time," said Ritschka. Horlsberger added that "swiftness and a perfect cooperation with our client as well as the local Croatian advisors were key to success in this transaction."

The Pecarevic & Relic team consisted of Senior Partner Ranko Pecarevic and Junior Partner Jelena Frkovic Musa.

Image Source: gardenmall.hr