Kinstellar has advised a syndicate of banks led by VUB Banka on their EUR 100 million loan facility for refinancing and investment in Bratislava's Bory Mall. Skubla & Partneri advised Penta Real Estate on receiving the loan.
According to Kinstellar, the banking syndicate included Slovenska Sporitelna, CSOB, and Hypo-Bank Burgenland.
The Bory Mall is a shopping and entertainment center in Bratislava, with a total area of 54,000 square meters. The mall opened in 2014 and is being expanded and further developed by Penta Real Estate.
"Successful refinancing is a reflection of the excellent economic condition of our company as well as a result of the fundamental growth potential of the Bory Mall shopping center and the entire Bory zone," Penta Real Estate Slovakia Executive Director Juraj Nevolnik commented. "The preplanned expansion and further development of the shopping and entertainment center will be made possible also thanks to this financial operation. I am therefore very happy that the banks share our belief in the project and its future development. Since its opening in 2014, the number of Bory Mall visitors has been growing steadily and it has become the first choice for visitors from western Bratislava and the surrounding area."
The Kinstellar team was led by Counsel Tomas Melisek and included Managing Associate Dominika Bajzathova, Senior Associate Dasa Labasova, and Junior Associate Michaela Strakova.
Editor's Note: After this article was published, Skubla & Partneri announced that its team working on the deal was led by Partner Marian Sulik.