Shopper Park Plus Plc. (SPP) has made a public announcement on the website of the Budapest Stock Exchange relating to the closing of the acquisition process of a Tesco-anchored Slovakian portfolio.
The statement says SPP has previously published information on the details of the transaction in several announcements between October 10 and December 19, 2024).
In line with previous disclosures, Shopping Malls SVK s.r.o., a company incorporated in Slovakia and majority owned by a subsidiary of SPP (SKRADEVEL Holding Ltd.), has successfully drawn the loan amount necessary to the closing of the Transaction from the credit facility held by UniCredit Bank Czech Republic and Slovakia, a.s., then, by using its own funds raised as equity and the drawn loan, it has performed its purchase price payment obligation set out in the Transaction documentation to the seller (TESCO STORES SR, as) and in parallel has completed successful procedures before the competent Slovakian land registries.
As a result of the procedures before the Slovakian land registries, SPP has acquired the ownership of the real estates in the Tesco portfolio in Slovakia being the subject of the Transaction.
As a result of the successful completion of the Transaction, SPP’s real estate portfolio has expanded with four commercial real estate, previously owned and operated by the Tesco Group.
Similar to SPP’s previous transactions in Hungary and in Czechia, the anchor tenant of the Slovakian shopping centres will be the local Tesco, i.e. TESCO STORES SR, as.
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