Shopper Park Plus Nyrt.

Shopper Park Plus Nyrt.

BBUD:SPPC
12.90
EUR
-0.10
(-0.77%)
Dec 02Next Earn
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

Full Time Employees
5
Sector
Finance
Industry
Real estate development
Address
Budapest Hungary
IPO Date
Nov 21, 2023
Business
Shopper Park Plus Nyrt. is a Hungary-based real estate investment and asset management company that specializes in the acquisition, development, leasing, and operational management of food-anchored retail parks and commercial shopping centers across Central and Eastern Europe. The company operates through core commercial property investment and facility management segments, offering long-term commercial real estate leasing; retail property management and technical facility administration; tenant mix structuring and leasing strategy optimization; and energy modernization, refurbishment, and sustainability engineering services. Its commercial property portfolio operates under retail banners including Shopland and provides leasable commercial space to food retailers, multinational supermarket chains, value and discount merchants, fashion apparel brands, electronics retailers, pharmacies, fast-casual dining operators, and local service providers, hosting major anchor tenants such as Tesco and Auchan alongside international retail brands including Pepco, Deichmann, Sinsay, New Yorker, TEDi, and dm-drogerie markt. Founded in 2019 and headquartered in Budapest, Hungary, the company functions as a regulated real estate investment company (SZIT) under majority ownership and management by funds of Adventum Group, maintaining a footprint across Hungary, Poland, the Czech Republic, and Slovakia spanning 30 retail properties and exceeding 600,000 square meters of gross leasable area. In recent developments, Shopper Park Plus expanded its footprint through the acquisition of an eight-property, Auchan-anchored retail park portfolio in Poland valued at over EUR 210 million from Auchan Polska and Ceetrus Polska; completed a Secondary Public Offering on the Budapest Stock Exchange raising over EUR 100 million in gross proceeds to finance regional asset purchases; partnered with Cushman & Wakefield for comprehensive leasing and property management services across its Czech and Slovak holdings; launched a portfolio-wide branding and asset enhancement initiative under the Shopland identity; and advanced an acquisition pipeline exceeding EUR 130 million targeting retail assets in Poland and the Czech Republic to support long-term portfolio growth and euro-denominated dividend distribution.