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Investment

Change of Ownership at Trnava City Arena

Peter Korbačka, New Trnava City Arena owner: “I believe in the long-sustained growth of the retail segment and in Trnava’s potential.” Image: Eurovea | reefe

The acquisition of Trnava City Arena in Slovakia has been recently completed. Peter Korbačka acquired the shopping center from Vladimír Poór. Negotiations lasted for nearly a year. The price as well as other transactional details have not been disclosed and remain subject to business privacy. However, this is one of the country’s most important retail segment transactions of the year.

As a result of his investment strategy, Trnava entrepreneur Vladimír Poór has sold the established City Arena shopping center, which began its operation three years ago, to well-known investor Peter Korbačka. “I’ve sold one of the companies in my portfolio. We are pleased that it remains in the hands of a Slovak investor,” says Poór about the transaction.

For Korbačka, who also owns Eurovea in Bratislava, this is another important transaction for the Slovak market and serves to expand his portfolio for other attractive projects. He explains: “I believe in the long-sustained growth of the retail segment and in Trnava’s potential. City Arena’s location in the absolute center of the city, its high-quality design, 100% occupancy of leasable spaces, and synergy with the neighboring stadium will ensure its continued advancement toward successful operation.”

Tenants include H&M, Reserved, Billa, Ecco, and Intersport. Image: Eurovea

Over 100 brands on 25,000 sq m

Trnava City Arena has been in operation since the summer of 2015 and was built at the same time as the reconstruction of Anton Malatinsky’s football stadium. With an area of almost 25,000 sq m, it offers over 100 international brands and nearly 950 parking spaces for the public.

City Arena is a unique mall in its catchment area, not only due to its modern and original design, but also as a result of its great central location, which allows excellent access by car, by city transport, on foot, and via bicycle. The wide range of stores includes everything from trendy brands, restaurants, cafes, modern movie theaters, fitness centers, casinos, and a bowling alley to children’s playgrounds.

The square, which is part of the shopping center and is surrounded on one side by historic walls, is also exceptional. Visitors can enjoy good food, chamber music concerts, great coffee, or dessert.

 

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