The Austrian-based property group Supernova acquired a portfolio of 6 Shopping Centers, 3 of them located Bucharest, the others in Bacau, Constanta and Drobeta-Turnu Severin, from Louis Delhaize Group, parent company of Cora, through a complex share deal transaction with lease-back component. The acquisition was financed partially by a consortium of 4 banks – Erste Bank AG, Raiffeisen Bank International, Raiffeisen Bank Romania and BCR.
Supernova relied on the legal advice of bpv GRIGORESCU STEFANICA for the acquisition and financing transactions, including for structuring, due diligence, contract negotiation for the share deal and for the financing documentation. Louis Delhaize group was advised by the law firm act Botezatu Estrade Partners.
The bpv GRIGORESCU STEFANICA team was led by Anca Albulescu (Partner) and included Nicolae Ursu (Managing Associate), Alina Tyelu (Senior Associate), Diana Radu (Associate) and Iuliana Rusu (Associate).
“We are pleased to have had bpv GRIGORESCU STEFANICA on our side advising us on this transaction. In Anca, Nicolae and their team we have found outstanding support and have developed a type of relationship that every real estate company should build from their first steps in Romania”, declared Mag. Johannes Wurzer, Head of Mergers and Acquisitions at Supernova.
“We are proud to have successfully completed a new mandate for Supernova. It was a complex project, with multiple challenging aspects, but our real estate team confirmed once again its expertise by obtaining the optimal outcome out of competitive interests of all the parties involved. On behalf of the bpv Grigorescu Stefanica team, I would like to thank Supernova for trusting us again for their projects in Romania. We look forward to accompanying them in their next exciting steps in Romania,”, declared Anca Albulescu.
In addition to Supernova, the real estate client portfolio of our firm includes prominent names such as Aviva Investors, Commerz Real, Erste Group, Hornbach, Immofinanz, Soravia, CTP, MassMutual, Forty Management, Dokia Capital, Tiriac Imobiliare.
Supernova is a leading private real estate company with a buy-and-hold investment strategy focused on high quality retail properties in Central and Eastern European countries with strong macroeconomic fundamentals, broadly dividing their portfolio properties into single-tenant properties and multi-tenant properties.
About bpv GRIGORESCU STEFANICA
bpv GRIGORESCU STEFANICA is a business law firm with a full-service offering for complex projects and litigation and a unique combination of legal and tax advisory capabilities. Founded in 2006 the firm is known internationally for its focus on the Technology sector and its practice in the areas of Real Estate, Corporate, Mergers & Acquisitions, Taxation, Employment & Benefits, Procurement, Concessions & PPPs, Medical Services, Energy and Infrastructure.
bpv GRIGORESCU STEFANICA team is mentioned continuously among the recommended law firms by the most prominent international legal publications such as Chambers & Partners, Legal 500, IFLR1000, ITR World Tax.
bpv GRIGORESCU STEFANICA is a founding member of bpv Legal, an alliance of independent business law firms with offices in Bratislava, Brussels, Bucharest, Budapest, Prague and Vienna, offering cross-border legal advisory services.