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, the Czech Republic and Slovakia. SPP’s strategy focuses on building and operating a leading retail park platform in the CEE region while prioritising 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.”
SPP manages 398,000sq m 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.