KPMG acted as the buy-side advisor and successfully advised one of the investors, a developer and operator of shopping centers in Slovakia with a gross leasable area of more than 150,000 sqm, on their joint acquisition of the Shopping Mall Optima in Košice.

About the deal

Atrium European Real Estate Limited

Atrium European Real Estate Limited, part of Israeli group G City, has sold the Shopping Mall Optima to the joint venture of two Slovak shopping center investors for €118m. The company wants to focus on its core markets, Warsaw and Prague.

The Shopping Mall Optima with 47,100 sqm is one of the biggest shopping malls in Slovakia. It has undergone three expansions and contains 152 stores.

The acquisition represents the largest investment transaction in Slovakia so far in 2022. Thanks to this acquisition the investors have strenghtened their footprint in the operations of shopping malls in the CEE region. 

The acquisition of the Shopping Mall Optima is a significant milestone in our business. We were really pleased with all of the support from our M&A advisor KPMG in Slovakia throughout the whole deal process of this challenging transaction.

Martin Koreň
designated investment manager

KPMG role

KPMG in Slovakia provided buy-side financial and tax due diligence and Share Purchase Agreement advisory to an investor in their acquisition of the Shopping Mall Optima in Košice.