Generali Adriatic Value Fund has sold the Arkadia shopping centre, located in Domžale, northeast of Ljubljana, Slovenia, to SES Spar European Shopping Centers, for an undisclosed sum.
Generali Investments Slovenia and Peakside Capital have acted on behalf of the seller. The transaction is currently awaiting clearance from the Slovenian Competition Protection Agency.
Arkadia, originally acquired by the fund in 2018, features 19 retail units with a gross leasable area exceeding 11,000 sqm and offers 350 parking spaces.
This new addition expands SES’s international portfolio to 32 locations, which includes six large-scale shopping destinations in Slovenia.
The project is located close to the Ljubljana–Maribor motorway, ensuring easy access for both consumers and business partners.
Christopher Smith, Head of Portfolio Management CEE at Peakside Capital Advisors, said: “The sale of Arkadia marks the success of our value creation investment strategy, which has focused on active asset management. We are pleased to see the property entrusted to a renowned operator, who will continue its development and enhance its market standing. As we can still see significant potential across the region of South-East Europe, we remain actively engaged in searching for new investment opportunities.”
Marcus Wild, Spar Management Board member and Chairman of the Supervisory Board of SES, said: “SES specializes in retail property, facilitating meaningful synergies within the SPAR Group across all countries, and enabling us to continue strengthening locations.”
Christoph Andexlinger, CEO SES Spar European Shopping Centres, added: “Following the purchase of Il Grifone in Bassano del Grappa, Italy, the acquisition of Arkadia marks a significant continuation of our expansion process.”
The Generali Adriatic Value Fund aims to generate rental income and increase capital through investments in commercial real estate across the SEE region, including office, retail, logistics, and hospitality markets.
