M Core introduces joint venture management platform for its Romanian Portfolio

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. Our dedicated team specialises in property and facility management, leasing, development, and committed to delivering exceptional service to partners, tenants, and stakeholders.

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.

Clemens Petschnikar ensures a seamless transition to the M Park brand, reflecting our unwavering dedication to excellence. With over 150,000 daily visitors across our Romanian portfolio, we are demonstrating our commitment to management and development as we enter this new phase in expanding the M Core collective.

The M Park brand is dedicated to retail parks and medium-sized retail properties, with leasing spaces of up to 20,000 sqm. 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.

The M Park portfolio of 73 assets currently spans M Core Romania and Poland, making the collective a key player across CEE region of this market.