Budapest—Global law firm Dentons has advised Shopper Park Plus Nyrt. (SPP) on the acquisition by its subsidiary, Shopping Malls SVK s.r.o., of a Tesco-anchored retail park portfolio in Slovakia from Tesco Stores SR. The deal strengthens SPP’s strategic position as a leading owner and operator of food-anchored retail parks in the Central and Eastern European (CEE) region.

This acquisition expands SPP’s presence in Slovakia with four retail parks in Žilina, Nitra, Trnava, and Dunajská Streda, bringing its total portfolio to 22 locations across Hungary (14), the Czech Republic (4), and Slovakia (4). The company manages 398,000 square meters of gross leasable area (GLA) and hosts over 600 tenants.

The transaction was financed through a combination of SPP’s and its joint venture partners’ own funds and a credit facility from UniCredit Bank Czech Republic and Slovakia, a.s..

The cross-border Dentons team advised SPP on legal due diligence, transaction structuring financing and negotiations to ensure the seamless execution of this cross-border acquisition. The scope of work included the establishment of a joint venture between SPP’s subsidiary and joint venture partners at the level of Shopping Malls SVK. Given the complexity of the deal, Dentons provided expertise across corporate, real estate and banking law.

Partners Judit Kővári (Budapest) and Monika Kajanková (Prague) and managing counsel Martin Mendel (Bratislava) led the Dentons team, which included:

Hungary

• Corporate and M&A: János Csáki (Senior Associate), Frantisek Ordódy (Associate), Zsófia Tihanyi (Junior Associate), Zsuzsanna Larsen (Junior Associate)
• Banking and Finance: Edina Schweizer (Partner), Ádám Brecko (Junior Associate), Róbert Bernáth (Junior Associate)

Slovakia

• Real Estate: Peter Panek (Counsel), Alen Gondek (Associate), Norbert Vizvári (Junior Associate), Kristína Kresťanková (Junior Associate), Michal Distler (Associate), Nina Drgalová (Junior Associate), Roman Kettner (Junior Associate)
• Corporate and M&A: Tomáš Pavelka (Senior Associate), Natália Hangáčová (Senior Associate), Nikola Salvová (Junior Associate)
• Banking and Finance: Richard Marcinčin (Senior Associate), Dávid Stanek (Associate), Miroslav Kapinaj (Counsel)

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