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Cerha Hempel and Binder Groesswang Advise on SES Spar Acquisition of Il Grifone Shopping Center

Cerha Hempel and Binder Groesswang Advise on SES Spar Acquisition of Il Grifone Shopping Center

Austria
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Cerha Hempel, working with Gattai Minoli Partners and Arendt & Medernach, has advised SES Spar European Shopping Centers on its acquisition of Il Grifone shopping center in Bassano del Grappa, Italy, from a company belonging to US hedge fund Marathon. Binder Groesswang, working with Legance, advised the seller. Risk Finance Brokers, acting on behalf of UlysseRe, arranged the warranty and indemnity insurance for the buyer.

Closing took place at the beginning of September 2023. The target shopping center houses more than 40 shops. As a result of this acquisition, SES now operates four shopping centers in Italy.

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 shopping locations in six Central and Southern European countries. According to Cerha Hempel, SES is the market leader in large-scale shopping centers in Austria and Slovenia.

The Cerha Hempel team was led by Partner Mark Krenn and included Senior Associate Marko Vladic and Associate Johanna Kaschubek.

The Binder Groesswang team included Partner Markus Uitz and Associate Yasmina Bouzid.

The Risk Finance Brokers team included M&A Risk Advisor Gergely Juhasz.

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