PeliPartners assisted Jupiter Group, an international developer, active on the Romanian real estate market for over a decade, in the sale to Supernova Group, an Austrian private real estate company, focused on the CEE retail sector, of Jupiter City Shopping Center, by way of a business transfer. Opened in 2008, Jupiter City Shopping Center is a landmark retail center in Pitesti, having a gross leasable area of approx. 45,000 sq. m, developed on over 17 hectares. Jupiter Group’s strategy was to exit the secondary retail market, to focus on Bucharest. The PeliPartners team was led by Francisc Peli and Alexandra Ioniță (Senior Associate) and included Antonia Nica (Associate), Ana Atanasiu (Senior Associate) and Kodru Mansour (Associate).
“We are proud and grateful to have stood by our long-time client – Jupiter Group – in this transaction which marks a strong comeback of the retail sector in Romania. This transaction not only highlights our commitment to standing by our clients but also the dedication of our well-rounded team who managed to seamlessly handle even the most complex aspects of the deal in less than four months.” said Francisc Peli, Managing Partner.