Spar Group – Spar Hungary
SPAR Magyarország Kft. has been operating on the Hungarian market since 1991. The company has lately become a decisive stakeholder of chain stores of food and daily supply of commodity trade. The company’s network development has been unbroken since its foundation, which is partly achieved through store network purchases (eg Billa, Kaiser’s, Plus) and partly through greenfield investments. Currently, more than 400 SPAR units operate in several department stores nationwide (INTERSPAR hypermarket, SPAR supermarket, City SPAR). The company has been operating its own meat processing plant in Bicske since 2004. In 2012, SPAR in Hungary started its franchise-type cooperation program with retailers working in family businesses, which is constantly expanding.
SES Hungary Kft. as a subsidiary of SES Spar European Shopping Centers GmbH (Ltd.), indirectly it is a subsidiary of SPAR Austria Holding.
SES Spar European Shopping Centers Ltd. has been founded as an independent entity within SPAR Austria consortium in year 2007 in order to promote the successful real estate activities of the group taking into account strategic considerations.
SES Spar European Shopping Centers is a commercial real estate company specializing in first class commercial real estate mainly for shopping center development, redevelopment, architectural management, leasing, facility management and asset management. All these activities are performed for SPAR Austria group as well as for third parties. Over the years SES has become the largest shopping center development and operation company in Austria and Slovenia. The company currently operates 30 shopping malls in five Central European countries (Austria, Italy, Hungary, Slovenia and the Czech Republic) and is one of the largest European developers.
SES in Hungary
The company’s first project in Hungary was EUROPARK Shopping Center, which opened in March 1997. In EUROPARK SES was responsible for the complete management of the shopping center (leasing, marketing activities and technical operation) until the end of 2014 as a general tenant, and from 2015 until the end of 2016 as a facility management company. EUROPARK Shopping Center was the first to launch Media Markt, Hervis store and the first INTERSPAR hypermarket in Budapest opened here.
In April 2009 SES took over the full center management of KORZÓ Shopping Center in Nyíregyháza, owned by Unicredit Leasing Group. KORZÓ Shopping Center now offers a wide range of shopping opportunities to visitors and in the last few years it has become the number one shopping destination in Nyíregyháza. Thanks to the expertise of the local management team, SES Magyarország successfully carries out leasing, operation and marketing activities of the centre, in addition to supporting the landlord during the developments.
In November 2009, Allee Shopping Center, owned by Allianz Real Estate and NN Group, opened under the operation of SES. The operating team not only successfully launched Allee to the market, but it has now grown into one of the most dynamically developing shopping centers in Budapest. The SES center management assignment lasted until the end of 2017.
SES started the construction of Kaposvár retail park in March 2020 in a joint real estate development with SPAR Magyarország Kft., It opened on March 11 2021. The retail park houses the one and only INTERSPAR store of the city. The GLA is over 11,200 m2.
See more information on the link below: