There has never been a better time to land your investment in Slovenia
For investors seeking to buy into state-owned enterprises, timing is perfect as the government is preparing to dispose of its stakes under the sovereign holding law. The process of selling assets will be transparent and investors will have only one entity to talk to.
Public invitation for expression of interest
HETA Asset Resolution d.o.o. (HETA) is part of HETA Group, a wind-down corporation owned by the Republic of Austria. Its statutory task is to dispose of the non-strategic portion of Hypo Alpe Adria, nationalized in 2009, as effectively as possible whilst preserving value.
We are presenting an attractive opportunity to acquire a sizeable/extensive portfolio of retail real estate assets, encompassing a network of 13 retail centres located in 11 cities across Slovenia (the "Portfolio"). The Portfolio with over 125,000m2 gross building area (GBA) and over 110,000m2 gross leasable area (GLA) is fully owned by HETA. Occupied approx. 98%, the centres are long-term rented to Merkur Trgovina d.d., the Slovenian market leader in sales of DIY products, machinery and tools.
The Sales Process is intended to be conducted in an open, transparent and non-discriminatory sales process (the “Transactions”) where HETA has appointed PricewaterhouseCoopers Svetovanje d.o.o. ("PwC") as the exclusive financial adviser to assist with the Transaction.
Submission of the Expression of Interest
Interested Parties are required to submit their written EOI in English containing at least the following:
- Name, address and short description of the Interested Party (or of each consortium member in case of a consortium), including its ultimate beneficial owner, and contact details of the person(s) to be contacted in case of queries;
- Confirmation that the Interested Party is acting as principal for its own account or, in case of agents or brokers submitting an EOI on behalf of an Interested Party, submission of written and adequate proof of the power of representation of such agent or broker; and
- Sufficiently precise information demonstrating that the Interested Party has the financial resources (including an indication of the envisaged debt and/or equity financing of the Transaction), proven expertise and incentive necessary to acquire the Portfolio.
Written EOI, titled "Expression of Interest for the Participation in the Transaction of the Slovenian Retail Real Estate asset portfolio”, shall be submitted electronically to the following e-mail address: email@example.com and firstname.lastname@example.org.
Deadline for the submission of EOI is 17 March 2017 by 16.00 (CET).
After receipt and evaluation of the EOIs, interested parties may be invited to take part in the Transaction and receive further information regarding the Portfolio and the Transaction. To receive the documentation access, the interested party must sign a non-disclosure agreement (NDA) and provide adequate proof of possessing sufficient funds to execute the intended purchase. HETA may set additional conditions with regard to granting access.
For further information interested parties may contact the contact person at PwC stated below.
Mrs. Diana Arjoca
M: +43 699 1630 0110
HETA reserves the right to extend the above stated deadline for the submission of EOI, amend the time limits or other terms of the Transaction, discontinue or amend the Transaction as a whole or in part, or modify the Transaction structure or change the Portfolio at any time.
No Interested Party will have any claim for any damages or compensation for loss, costs and other expenditure incurred by it in connection with the Sales Process for any reasons and under any circumstances whatsoever, even if the Sale Process is terminated, modified or suspended by HETA.