Shopper Park Plus, a prominent retail real estate management company, has made history by becoming the first Euro-based share issuance on the Budapest Stock Exchange. Through their successful initial public offering (IPO), they raised an impressive €37.2 million in capital, placing their shares in the prestigious BSE Premium Category. The company currently oversees a diverse portfolio of 18 retail properties in the region and has ambitious plans to become the largest shopping park owner and operator in the area.
The IPO of Shopper Park Plus exceeded all expectations, with retail investors oversubscribing by 67% and institutional investors by 78%. This resulted in a capital increase of €37.21 million. The company introduced 11,577,618 shares, valued at €125 million at the introductory price of €10.8.
Shopper Park Plus is part of the Adventum Group, a key player in the Eastern Central European real estate market. Their portfolio includes 14 units in Hungary and four units in the Czech Republic, encompassing a total gross floor area of over 320,000 sqm available for rent. This vast space accommodates nearly 600 businesses, making it an attractive option for potential investors.
The decision to go public through the Budapest Stock Exchange was a strategic move for Shopper Park Plus. Besides adding transparency to their operations, being a regulated investment company offers tax benefits and further boosts their credibility. Kriszóf Bárány, chairman of Shopper Park Plus, expressed their long-term commitment to establishing themselves as one of the foremost owners and operators of retail park portfolios in Central Eastern Europe.
By successfully listing their shares on the Budapest Stock Exchange, Shopper Park Plus has made a significant leap towards their goal of becoming the region’s largest shopping park operator. With its solid financial backing and strong market presence, the company is well-positioned to achieve long-term success in the Central Eastern European real estate market.
