Savills Czech Republic & Slovakia has advised Shopper Park Plus Plc. (SPP) on the acquisition of a four-asset, Tesco-anchored retail park portfolio in Slovakia. SPP acquired the portfolio on behalf of its Slovakian affiliate, directly from Tesco in a sale and leaseback transaction. The four retail parks are located in Žilina, Nitra, Trnava and Dunajská Streda, with each of the centres being anchored by a Tesco grocery store on a new long lease. Ancillary retail stores at each retail park provide a comprehensive customer experience.
Savills provided a multi-disciplinary team for advisory services to SPP. The Savills Investment team, jointly with Savills Hungarian partner Eston, advised on commercial aspects of the transaction, with Savills BPC team advising on technical related matters.
With the acquisition completed, SPP now operates a portfolio of 22 Tesco-anchored retail parks across three countries in CEE, including 4 in the Czech Republic, 14 in Hungary and 4 in Slovakia.
Fraser Watson, Head of Investment at Savills Czech Republic & Slovakia, says: “It is great to see the continued growth story of SPP and an honour 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). 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 centres will see a continued value growth story here.”
Jan Jurčíček, Head of Building and Project Consultancy at Savills Czech Republic & Slovakia, says: “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. Ensuring our client had all the critical insights and a smooth closing process was our top priority.”
Kristóf Bárány, Chairman of SPP’s Board, confirmed 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 as well as the continued green transition of the acquired properties.
