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BPV Grigorescu Stefanica and PeliPartners Advise on Supernova's Acquisition of Jupiter City Shopping Mall in Romania

BPV Grigorescu Stefanica and PeliPartners Advise on Supernova's Acquisition of Jupiter City Shopping Mall in Romania

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BPV Grigorescu Stefanica has advised Supernova on its acquisition of the Jupiter City Shopping Mall in Pitesti, Romania, from Mall Retail Rom. PeliPartners advised the seller on the deal.

According to BPV Grigorescu Stefanica, the acquisition was financed partially from Supernova's own funds and partially by Erste Bank, Austria. No additional financial details were disclosed.

The Jupiter City Shopping Mall offers gross leasable area of ​​approximately 45,000 square meters over an area of ​​over 17 hectares.

Supernova is an Austrian private real estate company with a buy-and-hold investment strategy focused on retail properties in Central and Eastern Europe, broadly dividing its portfolio properties into single-tenant properties (big boxes) and multi-tenant properties (shopping centers and retail parks). 

BPV Grigorescu Stefanica’s team included Partner Anca Albulescu, Managing Associate Nicolae Ursu, and Associate Diana Radu.

The PeliPartners team consisted of Managing Partner Francisc Peli, Senior Associates Alexandra Ionita and Ana Atanasiu, and Associates Antonia Nica and Kodru Mansour.

Peli Partners at a Glance

PeliPartners is a full service business law firm based in Romania.

A team specialising in complex projects that require innovative approaches, the PeliPartners lawyers have a wealth of experience in a variety of fields, including corporate, mergers and acquisitions, financing, competition, infrastructure & concessions, energy, real estate and corporate law – being involved in some of the most important transactions on the Romanian market for the past 20 years.

Areas of practice

Corporate M&A: With a reputation gained in complex transactions across many sectors (such as financial services, healthcare, energy, IT&C and others), the PeliPartners lawyers are regularly called to assist strategic clients, as well as investment funds or entrepreneurs in relation to various corporate projects, including M&A, structuring or restructuring of groups of companies or corporate governance matters. The firm regularly works in cross-border projects and in collaboration with international law firms.

Finance & banking is a strong practice at PeliPartners, whose lawyers advise across various matters, including financing / refinancing, restructuring, performing and non-performing portfolio acquisitions, regulatory. PeliPartners has a well established reputation with banks and debtors alike. The firm is included in the panel of some of the largest banks present in Romania. PeliPartners advises as well on cross-border financing and restructuring transactions.

Competition & Commercial: PeliPartners’ antitrust practice enjoys a fantastic reputation among international and local clients. The firm’s lawyers are thought leaders and have advised in some of the most complex transactions and projects related to this jurisdiction. They advise on investigations, merger clearance procedures, as well as on various compliance matters, helping clients design and implement distribution, franchise and pricing systems and policies. The firm currently assists clients in sectors such as financial services, IT, telecom, retail, healthcare & pharma.

Real Estate & PPP: With a stellar reputation among local and institutional developers and investors, PeliPartners is called to assist in some of the largest transactions or projects on the Romanian market.

Dispute Resolution: This firm’s clients want to be assisted and represented by PeliPartners when disputes arise in relation to their activity. PeliPartners will put together mixed teams of practice experts and litigation lawyers, that can bring an innovative but thorough approach of each matter.

Firm's website: https://pelipartners.com/