SPLUS (BÉT)
Shopper Park Plus Nyrt.
ISIN: HU0000192786
Shopper Park Plus Plc. (SPP), which owns a portfolio of 22 retail properties in the Central and Eastern European region through its subsidiaries, aims to become the largest retail park owner and operator in the region. The company has a total gross leasable area of more than 398 thousand m2 in its 4 retail parks in the Czech Republic, 4 in Slovakia and 14 in Hungary, shared by nearly 600 retail units, representing a 7% market share in the Central and Eastern European (CEE) region. The optimization of the tenant mix and the emergence of new brands are both contributing to the increase in rental rates at the portfolio level exceeding the rate of inflation.
In 2023, SPP carried out its first euro-based share issue on the Budapest Stock Exchange (BSE), and in 2024, its first private share issue as a listed company also ended with outstanding results – with a 2.67-fold oversubscription. The company operates as a regulated real estate investment company (SZIT), which provides significant tax advantages for SPP and indirectly for shareholders, as the company is characterized by a high and expectedly increasing dividend payout ratio.
The majority of SPP shares are held by investment funds managed by Adventum Befektetési Alapkezelő Zrt. The Adventum Group has performed outstandingly in the market in recent years, closing significant transactions in several countries in the Central and Eastern European region. The Adventum Group has a broad banking financing background, with approximately ten banks financing various elements of its portfolio. In the case of SPP, stock market transparency further strengthens the trust of investors and financing banks, thereby facilitating capital raising and the growth of the company.
The portfolio has successfully weathered the economic challenges of recent years – the pandemic, the energy crisis, the inflation wave, and the war in Ukraine – and its value has continuously increased every quarter. Dividends paid since the stock market listing totaled 1.6 euros per share.
SPP aims to make the converted properties known as Shopland synonymous with convenient, everyday shopping for the people living in the area. These shopping parks are not only easily accessible and offer convenient access and parking, but also provide all the services and goods that customers may need on a daily or weekly basis in one place. In addition to food stores, the retail parks also include drugstores, clothing stores, bookstores, home improvement stores, and so-called food courts with cafes, restaurants and fast food outlets.
SPLUS (BÉT)
Shopper Park Plus Nyrt.
ISIN: HU0000192786
Shopper Park Plus Plc. (SPP), which owns a portfolio of 22 retail properties in the Central and Eastern European region through its subsidiaries, aims to become the largest retail park owner and operator in the region. The company has a total gross leasable area of more than 398 thousand m2 in its 4 retail parks in the Czech Republic, 4 in Slovakia and 14 in Hungary, shared by nearly 600 retail units, representing a 7% market share in the Central and Eastern European (CEE) region. The optimization of the tenant mix and the emergence of new brands are both contributing to the increase in rental rates at the portfolio level exceeding the rate of inflation.
In 2023, SPP carried out its first euro-based share issue on the Budapest Stock Exchange (BSE), and in 2024, its first private share issue as a listed company also ended with outstanding results – with a 2.67-fold oversubscription. The company operates as a regulated real estate investment company (SZIT), which provides significant tax advantages for SPP and indirectly for shareholders, as the company is characterized by a high and expectedly increasing dividend payout ratio.
The majority of SPP shares are held by investment funds managed by Adventum Befektetési Alapkezelő Zrt. The Adventum Group has performed outstandingly in the market in recent years, closing significant transactions in several countries in the Central and Eastern European region. The Adventum Group has a broad banking financing background, with approximately ten banks financing various elements of its portfolio. In the case of SPP, stock market transparency further strengthens the trust of investors and financing banks, thereby facilitating capital raising and the growth of the company.
The portfolio has successfully weathered the economic challenges of recent years – the pandemic, the energy crisis, the inflation wave, and the war in Ukraine – and its value has continuously increased every quarter. Dividends paid since the stock market listing totaled 1.6 euros per share.
SPP aims to make the converted properties known as Shopland synonymous with convenient, everyday shopping for the people living in the area. These shopping parks are not only easily accessible and offer convenient access and parking, but also provide all the services and goods that customers may need on a daily or weekly basis in one place. In addition to food stores, the retail parks also include drugstores, clothing stores, bookstores, home improvement stores, and so-called food courts with cafes, restaurants and fast food outlets.
The average rent below the market level provides an excellent opportunity for this: by leasing underutilized areas to new tenants, rents approaching market levels can be achieved.
Another important objective is to make operations more efficient, which is complemented by comprehensive greening. Operations are being continuously rationalized in the facilities purchased last year: as part of the complex green strategy, the target is to achieve 30% energy savings at the portfolio level as a result of the energy efficiency measures and investments taken so far and in the future, compared to the level typical when the properties were purchased.
The planned investments include the development of more efficient heating and cooling systems, the installation of a solar park, de-icing, and the integration of geothermal options.
Since SPP strives in the long term to become the owner and operator of the largest retail park in the region, further expansion in other countries within Central and Eastern Europe is conceivable in the future.
BREEAM
Efficient heating and cooling systems
Solar park
LED lighting
Geothermal options
