In November 2023, the euro denominated shares of Shopper Park Plus Plc. were introduced to the premium category of the Budapest Stock Exchange. Both the institutional bookbuilding and the public sale of shares were successful, and Shopper Park Plus has issued a total of 3 445 618 new shares, which covers the planned capital raise of EUR 37.21 million.
Shopper Park Plus owns, directly and through its subsidiaries, a portfolio of 4 retail properties in the Czech Republic and 14 retail properties in Hungary. In total, it has a gross lettable area of more than 320,000 m2 shared by nearly 1,000 tenants. In the short term SPP aims to become a REIT, while in the long term SPP targets further expansion to become the owner and operator of a leading retail park portfolio in the Central and Eastern European region. One of Adventum’s investment funds holds a stake in SPP through a subsidiary.
The Concorde Group was joint lead manager and bookrunner of the IPO of Shopper Park Plus Plc.
“The IPO process was a long and busy period with some unexpected turns. The colleagues at Concorde MB Partners always put the success of the transaction and our, the client’s, interests first. Their perseverance and professionalism contributed to the success of the transaction in a great deal. We are grateful for their cooperation.” – Kristóf Bárány, founding partner of Adventum
