The agreement was completed on December 6 and stipulates M Core should take over a 132,000-sqm retail portfolio from Mitiska REIM, the group thus becoming a major owner on the local retail market.
M Core was assisted in the deal by real estate consultancy iO Partners.
The properties acquired by M Core are located in 24 cities countrywide. The offer a diversified tenant mix, including renowned international brands.
The company’s officials say M Core plans to strengthen the Romanian portfolio via constant investments, in order to replicate the successful approach implemented in the UK, France, Germany and Poland.
(English version by Catalina Apostoiu)