M Core's development pipeline in Romania tops €200 million

Business Forum

11 June, 2025 at 1:24 PM

M Core has significantly expanded its retail portfolio with over €150 million in strategic investments over the past six months and has an active pipeline exceeding €200 million in projected developments over the next two years.

Since the start of 2025, the company has acquired Focșani Shopping Centre from KBC, Suceava Shopping City from Argo Capital, and seven retail parks from property investor MAS.

At the same time, M Core has completed six retail developments.

Key additions to M Core's portfolio are Focșani Shopping Centre, spanning 45,000 sqm with a 92% occupancy rate, and Suceava Shopping City, with 43,100 sqm of leasable space and a 99% occupancy rate.

The seven fully occupied retail parks acquired from MAS, totaling approximately 32,000 sqm, are located in Slobozia, Focșani, Râmnicu Sărat, Târgu Secuiesc, Sebeș, Făgăraș, and Gheorgheni. They will be integrated into the company's portfolio under the M Parks brand.

Sebastian Macdonald-Hall, CIO (Europe) at M Core, said: “Our sustained investment in Romania underscores our long-term commitment to the market and confidence in the sector's resilience. We continue to identify high-calibre assets that align with our strategic vision and enhance the retail experience for tenants and consumers alike.”

M Core was advised on these acquisitions by CMS Cameron McKenna, Schoenherr, Deloitte, Colliers, iO Partners, Sentient and Optim.

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