Shopper Park Plus Nyrt. (SPP) has purchased a Tesco-anchored retail park portfolio in Slovakia from Tesco Stores SR.
The transaction covers four retail parks located in Žilina, Nitra, Trnava, and Dunajská Streda and was backed by a combination of SPP’s funds and a credit facility attracted from Unicredit Bank Czech Republic and Slovakia.
Furthermore, the acquisition significantly expands SPP’s portfolio to 22 locations across Hungary (14), the Czech Republic (4), and Slovakia (4).
SPP's strategy focuses on building and operating a leading retail park platform in the CEE region while prioritizing sustainability.
Vlaho Kojakovic, Director of the Real Estate Team at the EBRD, said: “We are pleased to see Adventum is delivering on its value-add strategy, expanding further into the CEE region, and progressing the implementation of its sustainability objectives”.
Kristóf Bárány, Chairman of SPP’s Board, emphasized the company’s commitment to strong financial results, stable dividends, and the continued green transition of its properties.
The acquisition involved several key advisors, including Dentons for legal services, Deloitte Advisory for Adventum’s due diligence, Hümpfner & Associates for corporate matters and private placement legal advice, Eston Savills for commercial brokerage and ESG considerations, and CMS for the bank’s legal guidance.
SPP manages 398,000 sqm across its retail park portfolio, housing over 600 tenants. The company is primarily owned by institutional investors, including major stakeholders Adventum Penta Fund SCA SICAV-RAIF and Adventum Penta Co-Investment SCSp (on behalf of EBRD), both managed by Adventum Fund Management.
