Shopper Park Plus acquires eight retail parks in Poland
Shopper Park Plus Plc. (SPP)’s eight Polish-registered subsidiaries are acquiring eight retail parks located in Poland from Auchan Polska Sp. Z.o.o. and Ceetrus Polska Sp. Z.o.o from the sellers – SPP, the regulated real estate investment company, announced on the Budapest Stock Exchange website on Monday.
According to the announcement, the parties signed the purchase agreement on December 23.
They added that the closing of the transaction is subject to the fulfillment of customary closing conditions, which are expected in the first quarter of 2026.
In order to secure the financing of the transaction, SPP’s Polish subsidiaries and Aareal Bank AG are expected to close in 2026 The loan agreement will be signed in January.
According to the information available on the BSE, Shopper Park Plus Plc. utilizes food-focused shopping parks in Hungary and the Czech Republic through leasing – it owns a portfolio of 18 retail properties in Central and Eastern Europe directly or through its subsidiaries.
The company previously announced that Shopper Park Plus achieved a profit after tax of 31.3 million euros in the first nine months of this year, double the profit after tax of the same period last year, and rental income increased by more than 34 percent to 6.1 million euros. By the end of the third quarter, the occupancy rate reached 95 percent, and the total value of investment properties increased from approximately EUR 310 million to EUR 425 million since the beginning of the year.
Shopper Park Plus Plc. is a premium category issuer on the Budapest Stock Exchange (BSE). Its shares were unchanged at EUR 11.7 on Monday afternoon, and the price of the shares has fluctuated between EUR 11 and 13.4 over the past year.
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