Shopper Park Plus Signs Dome for Facility Management

This Monday, Shopper Park Plus Plc. (SPP), which owns 14 grocery-anchored retail parks in Hungary through its subsidiary, with Tesco as the leading anchor tenant, signed a letter of intent with Dome Facility Services Group Ltd. to extend the cooperation regarding the technical operation of retail parks.

Dome Facility Services Group Ltd. has been responsible for the technical operation of the retail parks since the acquisition of the properties in mid-2022. Following the acquisition of the retail parks, SPP focused primarily on store refurbishments, the implementation of ESG principles, and the consolidation of portfolio management. In 2025, however, SPP’s primary objective was to achieve significant cost savings through operational consolidation, driven mainly by economies of scale. As a result, the terms of Dome Facility Services Group Ltd.’s facility management
contract were renegotiated, achieving significant cost reductions and establishing the framework for a new 3-year agreement starting on January 1, 2026.

This agreement, along with the related cost optimization and operational efficiency improvements, is expected to deliver significant savings compared to SPP’s preliminary 5-year strategic plan. Starting from the 2026 financial year, this is expected to result in an annual reduction in leakage of approximately EUR 500,000, according to the company’s projections — contributing meaningfully to improved operational efficiency and long-term profitability for the group.

In recent months, SPP has focused on consolidating its portfolio, adapting its assets to better reflect current consumer preferences. As a result, the properties have been redesigned to accommodate new brand stores and to better serve customer needs. In line with investor expectations, the company has also prioritized cost optimization, beginning with a comprehensive review and restructuring of property management services to enhance operational efficiency.

Following the launch of the Shopland brand in the Czech Republic, the second half of 2024 saw its entry into the Hungarian market as well. SPP’s ambition is to establish Shopland as a retail destination that stands for convenient, everyday shopping in refurbished retail parks. The aim is not only to offer easily accessible locations with hassle-free parking, but to provide a one-stop shopping experience where customers can find all the goods and services they need on a weekly basis. In addition to groceries, this includes drugstores, fashion, books, homeware, and a vibrant food court with cafés, restaurants and fast-food outlets.

SPP remains firmly committed to enhancing the cost-efficiency of the group’s operations and continuously seeks opportunities for optimization. As part of this effort, the company will evaluate the impact of its efficiency-enhancing measures at the end of 2025 and update its financial guidance for the coming years accordingly. The anticipated savings of over half a million euros in operational expenses not only demonstrate improved efficiency but also deliver tangible value for the company’s investors.