The real estate team at CERHA HEMPEL has advised SES Spar European Shopping Centers on its acquisition of the "Il Grifone" shopping center. Located in Bassano Del Grappa in the Veneto region in Italy, the shopping center has more than 40 shops. Closing took place at the beginning of September 2023. The seller was a company in Luxembourg owned by the US hedge fund Marathon. As a result of this acquisition, SES now operates four shopping centers in Italy.
The international legal team was headed by Mark Krenn, partner at CERHA HEMPEL specialising in real estate. In addition to the Austrian team consisting of Marko Vladic (Attorney – Real Estate, M&A) and Johanna Kaschubek (Associate – Real Estate, M&A), the Italian law firm Gattai Minoli and Partners (Lead Partner Damiano Battaglia, as well as Nicola Martegani and Giulia Petraroia) and the Luxembourg law firm Arendt & Medernach were involved in advising SES. The seller was advised by Italian law firm Legance as well as Binder Grösswang.
"This transaction demonstrates the outstanding commitment and ability of our team to provide effective and solution-oriented advice at all times, even in complex cross-border projects. We're delighted to have advised SES on the strategic expansion of its portfolio in Italy in a challenging market environment," said Mark Krenn, partner at CERHA HEMPEL.
"Once again, we successfully closed the deal thanks to the excellent cooperation with Mark Krenn and his team. Their strategic legal advice and expertise were invaluable, as always," said Petra Hemetsberger, Head of Asset Management at SES.
SES Spar European Shopping Centers is a developer, builder, and operator of large-scale, mixed-use properties, with an emphasis on retail and services. SES currently manages 30 shop-ping locations in six Central and Southern European countries. In Austria and Slovenia, SES is the market leader in large-scale shopping centers.