M Core Group has purchased seven strip malls in Romania from property investor MAS for an undisclosed sum. The projects with a combined leasable area of around 32,000 sqm have a full occupancy rate. The strip malls are based in Slobozia, Focșani, Râmnicu Sărat, Târgu Secuiesc, Sebeș, Făgăraș and Gheorgheni.
M Core, the biggest owner of retail parks in Romania, has purchased Shopping City Suceava from Argo Capital, for an undisclosed sum.
MAS has entered an agreement for the disposal of all its strip malls in Romania to M Core Group for €49 million. The deal pending approval from local authorities could be completed by March 2025.
Romania's exports to the United States in 2024 exceeded €2.28 billion, while imports from the US reached €1.31 billion, resulting in a trade surplus of €968 million.
Cross-border ecommerce transactions in CEE have seen a significant surge, climbing by 15% to reach €24 billion in 2024 compared to 2023.
As US President Donald Trump has announced a 20% tariff on products imported from the EU, Romanian PM Marcel Ciolacu said the government will launch support schemes.
Teilor Holding, encompassing the luxury jewelry chain Teilor, Teilor Invest Exchange, and Invest Intermed GF IFN, has announced the listing of two new bond issues on the Bucharest Stock Exchange (BVB).
Showpad, a global leader in AI-driven revenue enablement technology, has announced the launch of its new R&D centre in Bucharest.