Shopper Park Plus Plc. has acquired a four asset, Tesco-anchored retail park portfolio in Slovakia from Tesco in a sale and leaseback transaction.
The four retail parks are located in Zilina, Nitra, Trnava and Dunajska Streda, and each of the centers are anchored by a Tesco grocery store on a new long lease.
Savills provided advisory services to SPP, with the Savills Investment team, working with Savills’ Hungarian partner Eston, advising on commercial aspects of the transaction, and Savills’ BPC team advising on technical matters.
SPP now operates a portfolio of 22 Tesco-anchored retail parks across three countries in CEE, including four in the Czech Republic, four in Slovakia, and 14 in Hungary.
“It is great to see the continued growth story of SPP and an honor to be a part of their acquisition advisory team once again (having supported them in the 2022 acquisition of Tesco retail parks in Czech Republic and Hungary),” said Fraser Watson, Head of Investment at Savills Czech Republic & Slovakia. “The retail parks acquired in Slovakia offer long term income supported by strong underlying fundamentals and we are confident that SPP, together with Adventum´s expertise in managing such retail centers, will see a continued value growth story here.”
“Delivering comprehensive Technical and Environmental Due Diligence, Transaction Support, and De-Snagging Confirmation for this transaction was a great challenge and an even greater achievement for our team,” added Jan Jurčíček, Head of Building and Project Consultancy at Savills Czech Republic & Slovakia. “Ensuring our client had all the critical insights and a smooth closing process was our top priority.”
Kristóf Bárány, Chairman of SPP’s Board, noted that in the long run SPP has ambitious plans for further growth in the coming years in the CEE region. He also emphasized SPP’s and the Board’s commitment to outstanding financial results, stable dividend payment, and the continued green transition of the properties SPP acquired.