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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

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Čipčić-Bragadin Mesić & Associates is one of the leading law firms in Croatia that serve companies, credit & financial institutions and public entities. We have been recommended and recognized as the legal experts and service leaders by many leading international legal guides for more than 15 consecutive years. With roots dating from 1928. we now probably have more tradition, experience and market presence than almost any other law firm in Croatia. We work closely with the leading international law firms and consultants so we’re able to manage complex, cross-border projects and deals seamlessly and successfully. Around 85% of our clients are international enterprises doing business in Croatia. List of our clients include some of the world-renowned companies such as Amazon Europe Core, China Machinery Engineering Corporation, Tate & Lyle, Nafta a.s., Unilever Croatia, Unilever Hungary, Lenovo, Innoenergy CE, Flixmobility, Flixbus CEE South, Okoenergie Group, CTC Holding, Bunge Limited, Chipita, Rolls-Royce, Canvas Holidays, Vacalianselect, Redgate Software, Red gate Investment, Yahoo!, Aston Martin Lagonda, Domino Printing UK, Domino Printing Sciences, Goldman Sachs, Deutsche Bank, Barclays Bank, HSBC, State Street Bank, Citigroup Global Markets, Credit Suisse, Bank of America Merill Lynch, Standard Chartered, Och-Ziff Capital Management, Amundi Asset Management, Altima International, Red Arc Global Investments, SMBC Nikko Capital Partners, Royal Bank of Scotland, Morgan Stanley International, J.P. Morgan group, Allianz Global Investors, Schroders, Macquarie Bank, Digital Finance International, Winton Capital Management, Citibank, Invesco Asset Management Österreich, Croatian Pension Investment Company, Unicredit Bank AG etc. We enjoy learning about our clients’ businesses and want to understand them completely so we can provide the best possible and complete service.

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