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M CORE LAUNCHES INTO ROMANIAN MARKET WITH €219 MILLION ACQUISITION OD 25 RETAIL PARKS
Category: Investment Deal of the Year, CEE
Pan-European commercial property collective, M Core, officially launched into the Romanian market with its largest deal— an investment nearing EUR219 million consisting of 25 managed assets.
The deal included a purchase of 132,000 sqm retail portfolio from Mitiska REIM, positioning the collective as the largest property owner in the Romanian retail park market.
M Core’s Romanian portfolio acquisition is located across 24 cities, spanning across the country from Arad in the west of Romania to Iași in the east, as well as the country’s capital, Bucharest.
Notable retail parks in the Romanian portfolio include Shopping Park Pipera Plaza, which houses a gross leasable area of 11,000 sqm, across 35 units including tenants such as Starbucks, JYSK and national service providers. Shopping Park Medias also forms part of the portfolio with a gross leasable area of 9,089 sqm, including 16 units.
Name of the deal M CORE LAUNCHES INTO ROMANIAN MARKET WITH €219 MILLION ACQUISITION OD 25 RETAIL PARKS
Information about the transaction Pan-European commercial property collective, M Core, officially launched into the Romanian market with its largest deal— an investment nearing EUR219 million consisting of 25 managed assets.
The deal included a purchase of 132,000 sqm retail portfolio from Mitiska REIM, positioning the collective as the largest property owner in the Romanian retail park market.
M Core’s Romanian portfolio acquisition is located across 24 cities, spanning across the country from Arad in the west of Romania to Iași in the east, as well as the country’s capital, Bucharest.
Notable retail parks in the Romanian portfolio include Shopping Park Pipera Plaza, which houses a gross leasable area of 11,000 sqm, across 35 units including tenants such as Starbucks, JYSK and national service providers. Shopping Park Medias also forms part of the portfolio with a gross leasable area of 9,089 sqm, including 16 units.
The date of closing the deal December 2023
Value of the transaction (in EUR) 219000000
Yield Cannot be revealed due to company’s policy
Seller, plus brief information about the company The seller company was Mitiska REIM
Consultancy which advised Seller ---
Purchaser, plus brief information about the company M Core is an established, highly profitable collective of property investment and management companies comprising LCP, Proudreed, Sheet Anchor and Evolve Estates.
Consultancy which advised Purchaser iO Partners
Financing institution ---
Current occupancy level 100
Please say why this deal should be considered for the award M Core should win Investment Deal of the Year for executing the largest real estate transaction in Romania, acquiring 25 retail parks now being rebranded as M Park. This, alongside 48 existing M Parks in Poland, forms an international platform for expanding retailers. Uniquely, M Core became a market leader in Romania’s retail park segment with a single transaction, marking a remarkable entry into a new country and strengthening the M Park brand's future growth.
Name of the deal
M CORE LAUNCHES INTO ROMANIAN MARKET WITH €219 MILLION ACQUISITION OD 25 RETAIL PARKS
Information about the transaction
Pan-European commercial property collective, M Core, officially launched into the Romanian market with its largest deal— an investment nearing EUR219 million consisting of 25 managed assets.
The deal included a purchase of 132,000 sqm retail portfolio from Mitiska REIM, positioning the collective as the largest property owner in the Romanian retail park market.
M Core’s Romanian portfolio acquisition is located across 24 cities, spanning across the country from Arad in the west of Romania to Iași in the east, as well as the country’s capital, Bucharest.
Notable retail parks in the Romanian portfolio include Shopping Park Pipera Plaza, which houses a gross leasable area of 11,000 sqm, across 35 units including tenants such as Starbucks, JYSK and national service providers. Shopping Park Medias also forms part of the portfolio with a gross leasable area of 9,089 sqm, including 16 units.
The date of closing the deal
December 2023
Value of the transaction (in EUR)
219000000
Yield
Cannot be revealed due to company’s policy
Seller, plus brief information about the company
The seller company was Mitiska REIM
Consultancy which advised Seller
---
Purchaser, plus brief information about the company
M Core is an established, highly profitable collective of property investment and management companies comprising LCP, Proudreed, Sheet Anchor and Evolve Estates.
Consultancy which advised Purchaser
iO Partners
Financing institution
---
Current occupancy level
100
Please say why this deal should be considered for the award
M Core should win Investment Deal of the Year for executing the largest real estate transaction in Romania, acquiring 25 retail parks now being rebranded as M Park. This, alongside 48 existing M Parks in Poland, forms an international platform for expanding retailers. Uniquely, M Core became a market leader in Romania’s retail park segment with a single transaction, marking a remarkable entry into a new country and strengthening the M Park brand's future growth.
Main Sponsor
Panattoni-23
Programme Sponsor
Helaba-23
All
Prize Donor
Charity Supported
Category Sponsor
Associate Sponsor
Associate Sponsor
Category Sponsor Real Estate Construction Company of the Year, Poland
Category Sponsor Financing Provider of the Year, CEE
Category Sponsor Investment Agency Team of the Year, Poland
Category Sponsor Warehouse Developer of the Year, CEE
Category Sponsor Investment Deal of the Year, CEE
Prize Donor
Charity Supported
Prize Donor
Charity Supported
Category Sponsor Real Estate Construction Company of the Year, Poland
Category Sponsor Financing Provider of the Year, CEE
Category Sponsor Investment Agency Team of the Year, Poland
Category Sponsor Warehouse Developer of the Year, CEE
Category Sponsor Investment Deal of the Year, CEE
Associate Sponsor

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