MAS Real Estate to complete the acquisition of malls in Pitești, Alba Iulia and Iași

South African real estate company MAS PLC could take over a portfolio of malls from its partner, Prime Kapital, by early March.

This transaction will give MAS Real Estate control of Carolina Mall in Alba Iulia, Argeș Mall in Pitesti and Mall Moldova, which is currently in an expansion process and will be completed in spring next year, as well as extensions under development and Moldova Mall phase I, the Silk District offices in Iași and retail spaces within the Marmura residential project in Bucharest.

The acquisition of PK’s stake in PKM Development will increase MAS Real Estate’s mall portfolio in Romania by 178 million euros to over one billion euros.

In 2022, MAS Real Estate bought a portfolio of six shopping centers from Prime Kapital for 320 million euros.
Source: economica.net