Shopper Park Plus Expands in Slovakia with Acquisition of Tesco-Anchored Retail Parks
Deal News | Mar 12, 2025 | Dentons
Global law firm Dentons has advised Shopper Park Plus Nyrt. (SPP) on the acquisition of a portfolio of retail parks anchored by Tesco in Slovakia through its subsidiary, Shopping Malls SVK s.r.o. This acquisition enhances SPP’s strategic foothold as a leading owner and operator of food-anchored retail parks in Central and Eastern Europe. SPP now possesses a total of 22 retail parks across Hungary, the Czech Republic, and Slovakia. The acquisition was facilitated by a joint financing effort from SPP, its joint venture partners, and a credit facility from UniCredit Bank Czech Republic and Slovakia. Dentons' cross-border team managed legal due diligence and transaction structuring, showcasing expertise in corporate, real estate, and banking law.
Sectors
- Real Estate
- Legal Services
- Banking and Finance
Geography
- Slovakia – The retail parks involved in the acquisition are located in Slovakia.
- Hungary – Shopper Park Plus Nyrt., the parent company, is based in Hungary and manages a significant portion of its portfolio there.
- Central and Eastern Europe – The acquisition reinforces SPP's strategic presence in the Central and Eastern European region, encompassing multiple countries including the Czech Republic.
Industry
- Real Estate – The article is focused on the acquisition of retail parks, a key segment in the real estate sector.
- Legal Services – Dentons played a crucial role in advising and structuring the acquisition, showcasing the intersection of legal services in mergers and acquisitions.
- Banking and Finance – The acquisition financing involved a credit facility from UniCredit Bank Czech Republic and Slovakia, highlighting the banking sector's involvement.
Financials
- 398,000 square meters – The total gross leasable area managed by SPP after the acquisition.
- 22 locations – The total number of retail park locations in SPP's portfolio post-acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Shopper Park Plus Nyrt. (SPP) | Acquirer | Company | SPP is a leading owner and operator of food-anchored retail parks in Central and Eastern Europe. |
| Shopping Malls SVK s.r.o. | Subsidiary Acquirer | Company | A subsidiary of SPP involved in the acquisition of the retail parks in Slovakia. |
| Tesco Stores SR | Seller | Company | The original owner of the retail park portfolio sold to SPP. |
| Dentons | Legal Advisor | Company | A global law firm that advised SPP on the legal aspects of the acquisition. |
| UniCredit Bank Czech Republic and Slovakia, a.s. | Financier | Company | Provided a credit facility to finance part of the acquisition. |