Supernova takes over Lone Star's shopping centre package in Slovenia for €220m

Austrian property firm Supernova has competed the €220 mln purchase of 10 Qlandia shopping malls in Slovenia from Centrice Real Estate, a company owned by US private equity fund manager Lone Star.

The transaction is financed by a combination of own funds and lending from several international and local banks, Supernova said in a statement.

This is Supernova's second acquisition in Slovenia in 2019. Earlier this year, Slovenian retailer Mercator completed the sale of 10 shopping centres to the Austrian group for €116.6 mln.

The Slovenian portfolio will generate over €100 mln in annual rents following the deal, the company added. 'Slovenia had always been a very successful core market for the group; this transaction has secured the group’s market leadership in the country in the long term,' the company added.

Centrice acquired the Qlandia portfolio back in 2016 from Austria's Heta Asset Resolution, the 'bad bank' of former Hypo Alpe Adria International. The portfolio at the time included a total of 23 assets including 19 malls worth some €300 mln.


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