Austria/Hungary: Schoenherr advises bookrunners on EUR 100m secondary public offering of Shopper Park Plus

Up to 9.3 million shares, for which subscription rights of existing shareholders were excluded, were offered for subscription to retail and institutional investors in Hungary, and to selected institutional investors outside of Hungary, from 17 November 2025 to 24 November 2025. The final offer price was determined by means of a bookbuilding process at EUR 10.8 per new share. Gross proceeds from the issuance amounted to more than EUR 100m.

The offering in Hungary was carried out as a prospectus-exempt offering for secondary issuances, a possibility recently introduced under the EU Listing Act regime. In lieu of a full prospectus, Shopper Park Plus Plc. published an information document in accordance with Annex IX of the Prospectus Regulation.

"We are particularly pleased to have tested new ground with a prospectus-exempt offering of this size," said Angelika Fischer, who led the transaction together with Christoph Moser and Gábor Pázsitka. "The use of the new exemption enabled a more efficient execution of the capital increase."

"We are delighted to have been involved in this outstanding equity capital market transaction," added Schoenherr partner and co-head of the firm's capital markets practice Christoph Moser. "Given our footprint in CEE, Schoenherr was ideally positioned to advise on Hungarian and Austrian law in the context of the SPO."

Shopper Park Plus is a Hungarian real estate company specialising in holding and leasing retail parks. The company currently operates 22 retail properties in Central Eastern Europe, including 14 in Hungary and four each in the Czech Republic and Slovakia. The proceeds from the capital increase are intended to be used to finance acquisition projects, predominantly in Poland and possibly also in Romania or the Czech Republic. Since its successful IPO in October 2023, Shopper Park Plus shares have been listed in the Prime Market segment on the Budapest Stock Exchange.

The international Schonherr team consisted of Christoph Moser (partner), Gábor Pázsitka (partner), Angelika Fischer (attorney at law), Nóra Ordódy-Nagy (attorney at law), Daniel Gritsch (associate), Vivien Veres (associate) and Nikolaus Kresse (associate).

White & Case LLP (led by partner Inigo Esteve, London) advised the bookrunners on selected aspects as international counsel.

Shopper Park Plus Plc. was advised by Hümpfner & Associates (Budapest) and Deloitte Legal Göndöcz and Partners Law Firm (Budapest).