Real estate group M Core has acquired a retail park project in eastern Bucharest from the Călin and Alina Dobra family. The project is located on a portion of the former Energomontaj factory site on Ilioara Street, adjacent to plots previously sold to Kaufland and Lidl. Last autumn, the Dobra family secured building permits for a Kaufland hypermarket and a Lidl store on part of the site, a prerequisite for the sale of the land to the two German retailers. Kaufland acquired approximately 21,600 square meters, while Lidl took possession of around 9,600 square meters. Following these transactions, the Dobra family retained a 31,600-square-meter plot, where they planned a retail development consisting of two buildings—one with a built area of nearly 3,000 square meters and another of about 3,800 square meters. The development also includes 381 parking spaces, five of which are designated for electric vehicles. M Core has initiated construction on the retail park, which will complement the neighboring Kaufland and Lidl stores. Completion is scheduled for the end of this year. Source: Profit.ro