Call for binding offers to purchase real estate on Mariborsko Pohorje - DEADLINE EXTENDED

PwC as DUTB`s sole financial advisors supports DUTB to divest all assets of the Real Estate Portfolio, in an open, transparent, unconditional and non-discriminatory sales process.

The Real Estate Portfolio situated in Mariborsko Pohorje consist of:

  • 4-star Hotel Arena (39 rooms & Wellness amenities) & the 3-star Arena Annex (older part of Hotel Arena 4-star, 20 rooms) connected to the 4-Star Hotel Arena benefiting from its facilities & plot of land 14.400 m² surrounding Hotel Arena with an indicative value of EUR 3 Mio.
  • 4-star Wellness Hotel Bolfenk & Apartments (20 rooms & 12 apartments) with an indicative value of EUR 1.2 Mio.
  • 3-star Hotel Videc & Apartments (28 hotel rooms & 11 apartments) & additional plot of land (18,672 m²) with an indicative value of EUR 1 Mio.
  •  Residential building “Pohorske Terase” (30 apartments) with an indicative value of EUR 1.49 Mio.

It is the Vendor's clear preference to divest all shares in the SPV via a share deal (DUP Pohorje d.o.o.). Therefore your preference of selected assets which will be transferred into the SPV will be taken into account just in case 4-star Hotel Arena will be sold.

 

Bidders interested in the tender are kindly asked to express their interest per e-mail. Electronical copies suffice.

Following the receipt of your EOI you will receive a Non-disclosure Agreement to be signed by you.

 

Indicatively, the Binding Offers will have to be submitted by 7th of May 2018, by 14.00 hour EOB (CET). Site Visits shall be held in the period between 26th February and 9th March 2017.

The BO should include at least following information: Identification of the Interested Parties or consortium and the respective required approvals, intention to acquire 100% of the shares in the SPV, funding of the Purchase Price and your envisaged timeframe (DUTB’s goal is to close the transaction until the end of Q2 2018).

 

The signed EOI and BO (electronic copy suffices) has to be sent to:

  • Dominika Denifl: Dominika.denifl@pwc.com
  • Franci Tusek: franci.tusek@pwc.com
  • Edo Becic: edo.becic@dutb.eu 

with copy to project.pohorje@at.pwc.com

Any questions can be addressed to parties set out above.

 

Legal Notice:

 Neither this notice nor the release of any confidential information to an Interested Party, constitutes, or may be used for, any offer to sell or a solicitation of an offer to subscribe for or purchase any securities by any person in any jurisdiction or under any circumstance where it is unlawful to make such an offer or solicitation. The distribution of this invitation in certain jurisdictions may be restricted by law, and recipients should inform themselves about, and observe any applicable legal or regulatory requirements in relation to, the distribution or possession of this invitation. Neither DUTB, PwC nor any of their respective affiliates, directors, officers, employees, advisers or agents ("Related Parties") accept any liability to any person in relation to the distribution or possession of this invitation in any jurisdiction. By submitting an Expression of Interest an Interested Party confirms that it is a person able to receive the information provided to it (or which may be provided to it in any subsequent phase) without contravention of any unfulfilled registration requirements or other applicable legal or regulatory restrictions in the jurisdictions in which it resides or conducts business.

PwC is acting exclusively for DUTB and no one else in connection with the Transaction and PwC will not be responsible to anyone other than DUTB for providing the protections afforded to its clients for providing advice in relation to the Transaction or in relation to the contents of this invitation.DUTB and PwC, and their respective Related Parties expressly state that no representation or warranty is made by this invitation and expressly disclaim any and all liability for representations, warranties deemed to be made or statements contained in this invitation to any prospective purchaser.