M Core acquires retail parks and stores in Romania

Business Forum
M Core has completed two acquisitions in Romania: Retail Park Hunedoara and the CUB portfolio, which comprises one retail park and five Penny stores, each with an adjoining retail gallery let on long leases. Retail Park Hunedoara has a diversified tenant mix serving a local catchment, while the CUB assets are held on long leases.

"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," said Sebastian Macdonald-Hall, Chief Investment Officer (Europe) at M Core.

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.

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