Acting on behalf of Generali Adriatic Value Fund, SIF, Peakside Capital and Generali Investments Slovenia have signed the sale of the Arkadia shopping centre located in Domžale, Slovenia. The asset is to be purchased by SES Spar European Shopping Centers.
Peakside Capital, with Generali Investments Slovenia, have entered into a sale agreement for the Arkadia retail park, located in Domžale, northeast of Ljubljana, Slovenia’s capital city. The new owner of the asset will be SES Spar European Shopping Centers. The agreement was signed on Wednesday, 11 June 2025, but the transaction remains subject to clearance from the Slovenian Competition Protection Agency. Financial terms of the sale have not been disclosed.
“The sale of Arkadia marks the success of our value creation investment strategy, which has focused on active asset management. We are pleased to see the property entrusted to a renowned operator, who will continue its development and enhance its market standing. As we can still see significant potential across the region of South-East Europe, we remain actively engaged in searching for new investment opportunities,” said Christopher Smith, Head of Portfolio Management CEE at Peakside Capital Advisors.
Originally acquired by the fund in 2018, Arkadia comprises 19 retail units with a gross leasable area of over 11,000 sqm and 350 parking spaces. The property is fully let, hosting a mix of internationally recognised and locally established tenants. Arkadia also stands out for a convenient location with seamless connectivity via the Ljubljana–Maribor motorway, ensuring ease of access to both consumers and business partners.
The Generali Adriatic Value Fund has the status of a special investment fund and is the first regulated alternative investment fund (AIS) in the real estate market in Slovenia. Managed by Generali Investments Slovenia with the support of Peakside, the fund aims to generate rental income and increase capital through investments in commercial real estate, including office, retail, logistics, and hospitality markets in the SEE region. The fund leverages a unique combination of Peakside Capital’s real estate market experience with Generali Investment’s global and local knowledge of institutional real estate investment management.
