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M Core Launches Joint Venture

Real estate investment group M Core has launched a strategic venture with Square 7 Properties for the management of 25 retail parks in Romania that it purchased at the end of last year.

The new venture Square 7 part of M Core will be led by Clemens Petschnikar, with support from M Core Romania Co-CEOs Sebastian Macdonald-Hall and James Fife.

The M Core network includes 73 assets in Romania and Poland. The local portfolio records 150,000 daily visitors. The tenant mix of M Parks brand consists of national anchor tenants alongside local service providers and food operators.

In Europe, M Core has a portfolio of assets valued at close to €6.2bn.