Mitiska REIM to expand retail park portfolio in Slovakia with new joint venture

Mitiska REIM to expand retail park portfolio in Slovakia with new joint venture

European convenience real estate investor Mitiska REIM has acquired a retail park in Skalica, on behalf of the MEREP 3 fund, and begun a new retail park development in Sládkovičovo, Slovakia.

In a new joint venture partnership with OPC Group, Mitiska REIM plans to expand its retail park portfolio in Slovakia in the coming years.

Located in western Slovakia near the Czech border, Skalica Retail Park is an existing income-producing retail park developed by OPC Group which opened in November 2022. Located in an existing shopping destination, the retail park comprises 6 units with a gross leasable area (GLA) of 4,124m2 and parking for 98 cars shared with an adjacent Kaufland supermarket. The retail park is fully let, with tenants comprising Sinasay, Tedi, dm, Planeo Elektro, Super Zoo and Sportismo.

Construction has already begun on the new retail park development in Sládkovičovo, which is planned to open at the end of 2023. Located 50km east of the capital Bratislava, the new Sládkovičovo development will have an initial GLA of 2,910m2 and is already fully let to tenants which include Kik, dm, Pepco and Deichmann. Sited in a central location within a residential neighborhood and close to the train station, the new development is food-anchored by a Billa supermarket. This new retail park is designed to achieve a “Very Good” score on the BREEAM scale, with plans to include solar panels on the roof of the structure. The site offers the opportunity for a future phase 2 extension of an additional 1,500m2 GLA.

Tomas Cifra, Mitiska REIM’s Managing Director for Romania, Czech Republic and Slovakia, comments: “We are delighted to partner with OPC Group and to expand our portfolio of convenience retail estate assets in Slovakia. Our plan is to target locations where these new projects will be the first modern retail schemes in the cities in which they are located, creating new opportunities for retailers and new go-to shopping destinations for consumers.”

Miroslav Tavel, Managing Partner of OPC Group, comments: “We look forward to working with the Mitiska REIM team in a partnership that creates a powerful combination of OPC’s on-the-ground knowledge and local contacts with Mitiska REIM’s access to capital, retail park expertise and European network. We are convinced they are the right partner for us to roll out a retail park portfolio across Slovakia.”

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