M Core expands Romanian retail portfolio with two new acquisitions

M Core, the multi-award-winning, pan-European commercial property investment and management collective, has recently completed two acquisitions in Romania: Retail Park Hunedoara, the CUB Shopping Centre, and five Penny stores. 

Retail Park Hunedoara has a diversified, well-established tenant mix serving a strong local catchment. The CUB portfolio comprises one retail park and five Penny stores, each with an adjoining retail gallery, let on long leases.

Sebastian Macdonald-Hall, Chief Investment Officer (Europe), said:

"Hunedoara and the CUB portfolio add seven retail assets with established occupiers and strong local catchments. Both deals reflect how we invest in Romania: active management, long-term ownership and the ability to execute on single assets and portfolios alike."

With these transactions, M Core’s national portfolio grows to almost 40 retail parks and 15 operational food retail stores across Romania, in line with the group’s strategy of investing in and actively managing convenience retail schemes built around the needs of local communities.

M Core thanks its legal and transaction advisors and deal teams for their work in bringing the transactions to completion.

The acquisitions reinforce M Core’s long-term commitment to Romania and its focus on convenience retail serving local communities. Through active asset management and close relationships with occupiers, the group aims to support the continued performance of its assets and their role in meeting everyday shopping needs.