Shopper Park Plus (SPP) has signed a letter of intent appointing ESTON International – the Hungarian partner of Savills – as the exclusive property manager for its Hungarian retail park portfolio from 1 January 2026. The three-year contract will cover 14 grocery-anchored properties with Tesco as the main tenant, adding 200,000 sqm to ESTON’s managed portfolio and bringing its total to over 600,000 sqm.

ESTON will provide comprehensive property management services, including financial and technical oversight, coordination of service providers, tenant relations and legal-administrative support.

The decision follows a strategic review aimed at improving operational efficiency and reducing costs. Until now, SPP had worked with two property managers, but consolidation under a single provider is expected to yield significant savings. According to the company’s forecasts, streamlined management could reduce financial leakage by €500,000–600,000 in 2026.

“The properties in our portfolio are located in dynamic regional markets and are fully commercialised. We are confident that ESTON’s experience in managing retail assets will support the long-term value and tenant satisfaction of these investments,” said Michał Karwacki, CEO of Shopper Park Plus Plc.

SPP is currently adapting its retail parks to meet changing consumer expectations, with redesigned layouts and updated tenant mixes. In parallel, the company is expanding its Shopland retail brand, which was introduced in the Czech Republic and entered the Hungarian market in late 2024. The concept focuses on convenience, easy access, and a well-rounded retail offering including groceries, fashion, home goods, and dining options.

SPP manages 22 retail properties across Hungary, Slovakia, and the Czech Republic, with a total GLA exceeding 390,000 sqm and nearly 1,000 tenants. The company aims to become a leading operator of retail park portfolios in Central and Eastern Europe.

Source: Property-Forum.eu

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Further information:

• Official announcement on the Shopper Park Plus website

• Related article on Irodakereső

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