Supernova’s Acquisition of The Shopping Mall Jupiter City

Bpv Grigorescu ?tef?nic? advised Supernova on the deal.

Supernova acquired the Shopping Mall Jupiter City from Mall Retail Rom, part of Jupiter Group, through a complex business transfer transaction. The acquisition was financed partially from own funds and partially by Erste Bank AG, Austria.

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 (big boxes) and multi-tenant properties (shopping centers and retail parks).

Jupiter City Mall is a large shopping mall located in Pitesti, Romania and owned by the UK based company Jupiter Group. The center includes around 150 stores and a multiplex with eight screens. The complex has a floor area of 42,500 square metres (457,466 sq ft) and 1,800 parking spaces.

The bpv team was led by Anca Albulescu (Picture) and included Nicolae Ursu, and Diana Radu.

Involved fees earner: Anca Albulescu – BPV Grigorescu Stefanica ; Diana Radu – BPV Grigorescu Stefanica ; Nicolae Ursu – BPV Grigorescu Stefanica ;

Law Firms: BPV Grigorescu Stefanica ;

Clients: Supernova Invest GmbH;

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