Shopper Park Plus Acquires Tesco-Anchored Retail Portfolio in Slovakia
Deal News | Mar 20, 2025 | CEE Legal Matters
Dentons has advised Shopper Park Plus on the acquisition of a Tesco-anchored retail park portfolio in Slovakia. The acquisition was conducted through Shopper Park Plus's subsidiary, Shopping Malls SVK, with Wilsons reportedly advising Tesco, the selling company. The transaction was financed by UniCredit Bank Czech Republic and Slovakia. Shopper Park Plus, an operator of food-anchored retail parks throughout Central and Eastern Europe, expanded its Slovak portfolio with this acquisition to include four retail parks located in Zilina, Nitra, Trnava, and Dunajska Streda. This expansion brings Shopper Park Plus's portfolio to 22 locations across Hungary, the Czech Republic, and Slovakia, encompassing approximately 398,000 square meters of gross leasable area and over 600 tenants. Dentons' legal team extensively supported the transaction, with key team members based in Budapest, Prague, and Bratislava.
Sectors
- Retail Real Estate
- Legal Services
- Banking
Geography
- Slovakia – The retail parks acquired are located in Slovakia.
- Central and Eastern Europe – Shopper Park Plus operates across Central and Eastern Europe, including Hungary, the Czech Republic, and Slovakia.
Industry
- Retail Real Estate – The acquisition involves retail parks, which pertain to the retail real estate sector.
- Legal Services – Dentons and Wilsons are law firms providing legal advisory services on the transaction.
- Banking – UniCredit Bank provided the financial backing for the acquisition, indicating involvement from the banking sector.
Financials
- Not specified – The deal price for the acquisition was not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Shopper Park Plus | Bidding Company | Company | An owner and operator of food-anchored retail parks across Central and Eastern Europe. |
| Tesco Stores | Selling Company | Company | A leading multinational grocery and general merchandize retailer. |
| Shopping Malls SVK | Subsidiary | Company | A subsidiary of Shopper Park Plus used for acquiring the retail parks. |
| UniCredit Bank Czech Republic and Slovakia | Financier | Company | Provided financing for the acquisition. |
| Dentons | Legal Advisor | Company | Provided legal advisory services to Shopper Park Plus for the acquisition. |
| Wilsons | Legal Advisor | Company | Reportedly advised Tesco on the sale. |