26.03.2024
M Park
M Core announces the launch of ‘Square 7 part of M Core’, a strategic joint venture between M Core and Square 7 Properties, to establish a new management platform for the M Core portfolio of 25 retail parks across Romania. Co-CEOs of M Core Romania, Sebastian Macdonald-Hall and James Fife led the initiative with Clemens Petschnikar of Square 7 Properties to form ‘Square 7 part of M Core’.
Led by Romanian real estate industry veteran, Clemens Petschnikar, ‘Square 7 part of M Core’ brings over two decades of experience in development management in Romanian retail real estate.
As Romania’s largest owner of retail parks, M Core boasts a strategically located portfolio of 25 properties, all fully leased and BREEAM certified, underscoring our commitment to quality and sustainability.
The next move will be the rebranding of all 25 properties under the M Park brand. The M Park brand is dedicated to retail parks and medium-sized retail properties, with leasing spaces of up to 20,000 square meters. Strategically positioned in smaller and medium-sized cities, each M Park is meant for a catchment area of at least 300,000 individuals within a 30-minute drive. The tenant mix of M Parks consists of national anchor tenants alongside local service providers and food operators.
Clemens Petschnikar will ensure a seamless transition to the M Park brand, which will be available to over 150,000 daily visitors from Arad, Bacau, Bistrita, Baia Mare, Bucharest & Ilfov, Buzau, Braila, Caransebes, Campina, Drobeta Turnu-Severin, Iasi, Medias, Medgidia, Odorheiu Secuiesc, Pascani, Resita, Giurgiu, Mioveni, Ploiesti, Sighetu Marmatiei, Slatina, Slobozia, Targu-Mures and Tulcea.