Gross lettable
area: 320+ sq m
A timeless regional retail property portfolio,
above inflation growth potential
Budapest Stock Exchange’s first
euro-based share issue
ESG and efficiency go hand in hand
Shopper Park Plus Private Limited Company (registered office: 1015 Budapest, Batthyány utca 3. fszt. 1.; company number: 01-10-140433; hereinafter referred to as the “Company“) with reference to point 5.4.2. of Chapter V Securities Note on Ownership Securities of the Prospectus hereby informs the Investors that the offering of the Company’s newly issued shares was completed between 9 October and 20 October 2023, the result of which is as follows:
I. the number of New Ordinary Shares applied for in valid New Ordinary Share Application Forms made in the Retail Offering and the number of New Ordinary Shares to be allotted to Investors pursuant to valid New Ordinary Share Application Forms made in the Retail Offering
As a result of the Retail Offering a total of 1,669,029 shares will be allotted to Retail Investors for a total issue amount of EUR 18,025,513.2 at a price of EUR 10.8.
As a result of the Institutional Offering a total of 1,776,589 shares will be allotted to Institutional Investors at a total issue price of EUR 19,187,161.2 at a total issue price of EUR 10.8.
II. any reallocation or oversubscription/auction overdemand
The Issuer and the Distributors have decided to increase the maximum issue number of the Retail Offering (500,000 shares) by reallocating a total of 500,000 shares from the maximum issuance number of the Institutional Offering (1,500,000 shares).
The Issuer and the Distributors have resolved to increase the maximum issuance of the Retail Offering increased by the reallocation by a further 66.90% and to accept oversubscription up to the increased issuance limit, resulting in a final issuance of the Retail Offering of 1,669,029 shares.
The Issuer and the Distributors have decided to increase the maximum issuance number of the Institutional Offering reduced by the reallocation by a further 77.66% and to accept oversubscription up to the increased issuance limit, resulting in a final issuance of the Institutional Offering of 1,776,589 shares.
III. the Offering Price
The Issuer and the Distributors have determined the purchase price (the “Offering Price”) of the New Shares at EUR 10.8 per share. For this purpose, the Issuer and the Distributors have entered into Pricing Agreement dated 25.10.2023 pursuant to the Distributor Agreement and the Prospectus.
In accordance with the provisions of the Prospectus, following the successful offering, the Company will apply for the transformation of the legal form of the Company, and after the registration of this, the capital increase with the company court, afterwards it will arrange for the New Ordinary Shares to be admitted to trading by KELER, will apply for the amendment of the product list and the commencement of trading with the Shares in the premium category of the regulated market of the BSE.
Capitalised terms in this Announcement shall have the meaning of the English language equivalent of the terms in the Prospectus.
Budapest, 25 October 2023
Shopper Park Plus Private Limited Company
SHOPPER PARK PLUS (SPP) owns a portfolio of 18 retail properties in Central and Eastern Europe, directly or through its subsidiaries.
14 of the properties are located in Hungary and 4 in the Czech Republic, typically in or around major cities.
The total gross lettable area of more than 320,000 sq m is shared by close to 600 retail units, including global companies such as Deichmann, Fressnapf, H&M, Sportsdirect and Tesco.
Located in Central Hungary, in one of the major settlements of the Budapest agglomeration, the facility is directly accessible from the M1 motorway and is also accessible by public transport.
The property is located along the Váci út Office Corridor on a site bordered by Gács utca, Balzsam utca and Balzsam Park as well as Juta utca. Surrounded by newer office buildings and a hotel, the site is easily accessible by car and public transport.
The facility is easily accessible by public transport and by car from the ring road around the city, 1.5 km south of Chrudim city centre. The predominantly residential area is complemented by the local hospital and ice stadium.
Located south of Hungary’s second largest city, the property is directly accessible from the main road 47, but there are also several bus stops nearby. It is bounded by commercial properties to the south, single-family residential buildings to the north and east, and an undeveloped area to the west.
Located 240 kilometres from Budapest, the property was renovated in 2003 and 2004 and is located south of Debrecen city centre. It is easily accessible by public transport and by car from the main road 35 and Kishegyesi út. In the neighbourhood there are commercial properties (to the south), single-family residential buildings (to the north and east) and undeveloped land (to the west).
Located in the second largest city in Northern Hungary, the property is directly accessible from the main road 25 and there are several bus stops nearby. The facility, renovated in 2004, is surrounded by commercial properties to the north and south, single-family residential buildings to the west and undeveloped land to the east.
The facility, surrounded by a mix of commercial and residential properties, is located in Érd, just 30 km from Budapest. It is directly accessible from the main road 7 and there are several bus stops nearby.
Located just 3 km from the centre of Karlovy Vary, with direct access to the D6 motorway. There is also a bus stop nearby. The neighbourhood consists of light industrial units, residential and commercial buildings, hotels and offices.
Although its public transport connections are somewhat limited, the retail park of the city, which is the northern centre of the Southern Great Plain region, halfway between Budapest and Szeged, is easily accessible from the main road No. 5 and the M5 motorway. The neighbourhood is a mix of commercial properties, detached houses and vacant plots.
Located in Miskolc, about 180 km from Budapest, the property is easily accessible from the main road 3, and there are several bus stops nearby. In the neighbouring areas there is a mix of commercial properties, detached houses and vacant plots.
Although there are no established public transport links in the vicinity, there is direct access from the main road 26 to the facility, which is located in a central settlement of Northeastern Hungary, along a commercial corridor. The adjacent areas contain a mix of retail and other commercial functions, and there are some undeveloped sites.
The surrounding area is a mix of retail and other commercial properties and single-family residential. There are also a number of bus stops close to the retail facility in Nyíregyháza in the northeast of Hungary, which is also directly accessible from Highway 4.
Direct car access to both Ostrava and Opava, the property is located about 1 km from the city centre, which is also accessible by bus and trolleybus. The area is surrounded by residential and commercial areas, petrol stations and a railway station.
Located about 5 km west of the city centre, in the Trebovice district, the property has both underground and outdoor parking and is easily accessible from the Ostrava ring road. It also has regular public transport connections to the inner parts of the municipality and is a few minutes’ walk from the Ostrava-Svinov railway station. Two petrol stations, other commercial outlets and residential properties are located in the neighbourhood.
Located in the commercial enclave of the 5th largest city in Hungary, the property is 200 kms south of Budapest and 35 km north of the Croatian border. It is not the best location for public transport, but is easily accessible from the main road 6. The retail park, renovated in 2004, is surrounded by mixed retail and commercial properties, as well as single-family residential buildings.
Located in the commercial corridor of one of Hungary’s westernmost cities, the property is close to the Austrian border. Although it is not easily accessible by public transport, it is within easy reach of the main road 84 and the M85 motorway. The facility, mainly paved with retail and other commercial properties, was renovated in 2008.
Located in Hungary’s third largest city, the property has the style and construction elements of a typical millennium warehouse, from the prefabricated load-bearing structural elements to the metal-framed windows, with the roof structure inside the building. It is easily accessible by trolleybus and tram, and can be reached from the main road 5.
Located in the capital of the Central Transdanubian region and in the centre of Fejér County, the property is just 65 kilometres from Budapest and within a commercial zone. There are several bus stops within walking distance of the facility, which is easily accessible from the main road 6.