SES Spar European Shopping Centers is the market leader for large-scale shopping malls in Austria and Slovenia, and is now strengthening its position on the Slovenian market. The contract for the purchase of the ARKADIA retail park in Domzale, north-east of the capital Ljubljana, was signed on Wednesday, 11 June 2025. Subject to approval by the competition authority, this transaction will enable SES – as the property developer and operator – to acquire a well-established regional convenience store location hosting 19 shops and numerous strong brands. The seller of the property, Generali Adriatic Value Fund I, is managed by Generali Investments Slovenija. The retail park opened in 2016, and offers 11,000 square metres of GLA. This new addition expands SES’s international portfolio to 32 locations, which includes six large-scale shopping destinations in Slovenia. The contractual parties have agreed not to disclose the purchase price.
Marcus Wild, SPAR Management Board member and Chairman of the Supervisory Board of SES says: “SES is specialised in retail property, facilitating utilisation of meaningful synergies within the SPAR Group across all countries, and enabling us to continue strengthening locations. SPAR and Hervis are already present in the ARKADIA retail park, so this is an excellent example of how we work.”
Christoph Andexlinger, CEO SES Spar European Shopping Centers adds: “Our current portfolio consists of five large-scale shopping centers in Slovenia, and has now been complemented with the acquisition of ARKADIA, an excellent retail location with great potential. After the purchase of IL GRIFONE in Bassano del Grappe (Italy), the acquisition of ARKADIA is a further continuation of the expansion process.”
Purchase agreement signed and submitted to the competition authority
The purchase contract was signed on 11 June. SES received legal advice on the transaction from Cerha Hempel and Šelih & Partner, with Oterea providing technical due diligence and Grant Thornton advising on financial and tax matters. On the seller’s side, CBRE acted as broker and Jandl Law as lawyers. The property transaction will now be submitted to the Slovenian competition authority.
Regional local supplier and top tenant mix
SES is taking over a property with a strong retail mix and a total of 19 shops. ARKADIA includes magnet shops such as SPAR, Müller Drogerie, C&A, Deichmann and Hervis. The region around Domžale is characterised by high purchasing power. Around 140,000 people live within a 15-minute drive of the location.
SES successful in Slovenia
The purchase of ARKADIA Retail Park means the SES portfolio has now grown to a total of 32 large-scale locations – with six in Slovenia: CITYPARK Ljubljana, ALEJA Ljubljana, CENTER VIC Ljubljana, EUROPARK Maribor, CITYCENTER Celje and ARKADIA Domžale.
