Shopper Park Plus Acquires Tesco Malls in Slovakia

Shopper Park Plus Plc. is hereby making a public announcement relating to the acquisition of a Tesco-anchored Slovakian portfolio and the signing of financing documentation required to the implementation of the transaction, the company has announced on the website of the Budapest Stock Exchange.

SPP says it has previously published information on the transaction, its structure and meeting its capital needs in several announcements (in October, November and December 2024).

In line with previous disclosures, on December 18, 2024, Shopping Malls SVK s.r.o., a company incorporated in Slovakia and majority owned by a subsidiary of SPP (SKRADEVEL Holding Ltd.), as borrower, entered into a credit facility agreement and related security agreements with UniCredit Bank Czech Republic and Slovakia, a.s., for a maximum amount of EUR 46 million to provide bank financing for the transaction.

In parallel with the signing of the financing documents, also on December 18, 2024, Shopping Malls SVK s.r.o., a company registered in Slovakia and majority owned by a subsidiary of SPP (SKRADEVEL Holding Ltd.), entered into a real estate sale and purchase agreement for the transaction, under which Shopping Malls SVK s.r.o. will acquire four shopping malls operated by Tesco in Slovakia from TESCO STORES SR, as.

Closing of the transaction requires the fulfilment of closing conditions deemed as customary on the market, the statement points out.