M Core buys seven strip malls in Romania from MAS Real Estate
by
CIJ News iDesk V
2024-12-24
retail
2024-12-24
retail
The British group M Core has signed for the acquisition of seven strip malls from MAS Real Estate for EUR 49 million. Thus, just one year after taking over the 25 retail parks managed by Mitiska REIM for EUR 219 million, M Core continues its expansion. In the transaction, consultants from iO Partners advised M Core, and those from C&W Echinox advised MAS Real Estate. The transaction targeted retail parks in Focsani, Slobozia, Râmnicu Sărat, Sebeş, Târgu Secuiesc, Făgăraş and Gheorgheni, with a total of 27,000 sqm of rentable area. The most expensive of these was Focsani, for which the British paid EUR 13.1 million, also having the highest rent of 14.88 euros/sqm/month.