M Core fully purchases MAS strip malls in Romania

Business Forum

3 February, 2025 at 8:42 AM

M Core Group has purchased seven strip malls in Romania from property investor MAS for an undisclosed sum. The projects with a combined leasable area of around 32,000 sqm have a full occupancy rate. The strip malls are based in Slobozia, Focșani, Râmnicu Sărat, Târgu Secuiesc, Sebeș, Făgăraș and Gheorgheni.

“This transaction reconfirms the recovery trend of Romania's investment market, with retail sector being acknowledged as a healthy and secure asset class. The quality of the portfolio was consequential for the transaction, while the professionalism of the parties involved significantly eased the process,” says Cristi Moga, Head of Capital Markets at Cushman & Wakefield Echinox, which assisted the seller on the deal. M Core Group was assisted by CMS Cameron McKenna, Deloitte and iO Partners.

Across CEE, MAS's retail portfolio achieved an occupancy rate of 97.4% as of mid-2024 and a 7.2% like-for-like net rental income growth. Following the recent deal, MAS has sold all of its strip malls in Romania.

In early 2025, M Core also purchased a shopping centre in Suceava as part of a massive acquisition program of retail assets across Romania in the past two years.

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