Top deals in real estate: Arrival of Primark and the revival of Preglejka

The construction of the Eset campus and the ongoing purchase of land for the new seat of the US Embassy are among the top real estate deals of Slovakia's law firms.

Primark will open its first store in Bratislava in 2022 as part of an expansion to the Eurovea shopping centre.Primark will open its first store in Bratislava in 2022 as part of an expansion to the Eurovea shopping centre. (Source: Archive of Sme)

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Advisory services in the buying, selling and construction of logistics centres is the most frequent type of the largest or most important deals of law firms in the real estate sector.

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The largest law firms provided information on their biggest deals with clients to The Slovak Spectator and the Sme daily. Several deals involved the representation of retail chains. The best known and perhaps the most anticipated was the arrival of the quick-fashion chain Primark. The Associated British Foods company, of which Primark is a subsidiary, is represented by the CMS Slovakia law firm.

“Our work included negotiating the lease and future lease agreements for the premises of the new store as well as providing general corporate advice on the establishment of a branch in Slovakia,” said Michal Huťan, partner at CMS Slovakia. Primark will open its first store in Bratislava in 2022 as part of an expansion to the Eurovea shopping centre. It will comprise over 3,500 sq metres of net retail space over two floors.

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