CPI Europe has sold two retail parks, Stop Shop San Fior and Stop Shop Terminal Nord Udine, completing its exit from the Italian retail park market. The transaction was finalised under market conditions following portfolio management.
Stop Shop San Fior, developed in 2017 and 2019, is a convenience retail park with tenants including C&A, Decathlon, MediaWorld and Burger King. Stop Shop Terminal Nord Udine, opened in 2008 and acquired in 2022, is one of the largest assets in the Stop Shop portfolio, anchored by Carrefour. The properties provide combined gross lettable area of nearly 60,000 sqm.
"The transaction reflects our portfolio management and supports our capital strategy. Proceeds will primarily reduce debt and fund investments in core markets, particularly the expansion of Stop Shop in Central and Eastern Europe," said Pavel Mechura, Executive Board member of CPI Europe. The company is currently developing four retail parks in Croatia, with more planned across Serbia, Hungary and Croatia for 2027-2028.
The sale aligns with CPI Europe's strategy of reducing leverage while reinvesting in opportunities, alongside modernising and improving the sustainability of its portfolio.
