Shopper Park Plus would increase its capital through a public share issue

By: Trademagazin Date: 2025. 11. 05. 10:55

🎧 Hallgasd a cikket: Nyelv: Sebesség: 1.05×

Shopper Park Plus Plc. plans to raise capital by issuing approximately 8 million new shares in the fourth quarter of this year, the regulated real estate investment company listed in the premium category of the Budapest Stock Exchange (BSE) announced on Wednesday.

The company intends to raise approximately 90-110 million euros in gross capital from the issue, with the primary goal of expanding in the Central and Eastern European (CEE) region, primarily in Poland and Romania, by purchasing a portfolio of food-focused retail parks or individual assets.

According to the information published on the company’s website, if the company decides to implement the issue, it will exclude the pre-emptive subscription rights of existing shareholders provided by law, and the issue will be announced to Hungarian retail and institutional investors, as well as to certain international institutional investors outside the United States in accordance with the provisions of the US securities law. The newly issued ordinary shares will provide the same rights as the ordinary shares already issued and listed on the BSE, they indicated.

In the announcement, Péter Kristóf Bárány, Chairman of the Board of Directors of the company, stated that the portfolio consisting of 22 properties located in Hungary, the Czech Republic and Slovakia continues to provide outstanding performance. The company aims to expand in Poland and Romania, and the planned secondary public offering will accelerate their expansion and strengthen their position.

Shopper Park Plus is an investment company that owns food-focused retail properties in the Central and Eastern European region, with a gross leasable area of 398 thousand square meters.

According to previously announced data, Shopper Park Plus achieved a profit after tax of 31.3 million euros in the first 9 months of this year, double the profit after tax of the same period last year. The increase was partly explained by the increase in rental income, which increased by almost 6.1 million euros, or more than 34 percent year-on-year. By the end of the third quarter, the occupancy rate reached 95 percent, and the total value of investment properties increased from approximately 310 million euros to 425 million euros since the beginning of the year.

Shopper Park Plus Plc. shares are traded in the premium category of the BSE, with the closing price of the share on Tuesday being 12 euros. The highest price of the paper in the past year was 13.4, and the lowest was 11 euros.