News Article investment retail Savills Shopper Park Plus Nyrt Slovakia
by Property Forum | Investment

Shopper Park Plus Nyrt has acquired a portfolio of four retail parks 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. 


Savills’ investment team, in collaboration with its Hungarian partner Eston, provided Shopper Park Plus Nyrt with expert advice on the transaction's commercial aspects, while Savills’ project team provided technical advice. 

Shopper Park Plus now operates a portfolio of 22 retail parks across Central and Eastern Europe, including four new acquisitions in Slovakia, fourteen in Hungary and four in the Czech Republic. Tesco remains the key tenant in all of the properties.

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.