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Romania Joint venture management for Romanian portfolio

Property and Facility Management
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’.

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.
Clemens Petschnikar, CEO, Square 7 Properties

As Romania's largest owner of retail parks, M Core boasts a strategically located portfolio of 25 properties, all fully leased and BREEAM certified.

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.
Clemens Petschnikar

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.

Latest news

Warehouse & industrial

Poland Panattoni delivers in Krakow

schedule 12 April 2024
Opr./edited by JC

Panattoni has built another facility in Lesser Poland, City Logistics Krakow Airport II. The investment was made on a speculative basis and already has its first tenant – Allegro.

Material partner

Poland Excellent Fern at Off Piotrkowska

schedule 04 April 2024
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Intensive commercialization of the multifunctional Fern building under construction at Off Piotrkowska Center has begun. A modern building, the construction of which will start at the turn of 2024/2025, offers 4,700 sqm of service space and 2,700 sqm of office space.

Warehouse & industrial

Romania Marelvi is set to stay at MLP Bucharest West

schedule 12 April 2024
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Marelvi, a distributor of electronics and home appliances in Romania, has extended its lease agreement for more than 8,100 sqm of space at the MLP Bucharest West logistics park. 

Eurobuild CEE

Poland The April edition of "Eurobuild" is now ready to read!

schedule 11 April 2024
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Poland Midocean takes more and more

schedule 10 April 2024
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Panattoni has launched the construction of Panattoni Park Ruda Śląska IV. A major tenant has already been found with Midocean to lease 20,000 sqm of storage space, including an extension option for a further 10,000 sqm.

Investment & finance

Poland Big splash in Silesia

schedule 10 April 2024
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Mitiska REIM has sold a 6.7ha land plot to Momentum Leisure to develop a theme and water park which will further reinforce the offering of the Europa Centralna retail center, located in Gliwice.

ESG

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schedule 09 April 2024
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Poland Additional loan for Hillwood

schedule 08 April 2024
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Hillwood has increased its loan with Millennium Bank to EUR 29 mln for the construction of phase II of the Park Hillwood Zgierz I project, located in Central Poland, 2.5 km from the A2 motorway entrance and 15.5 km from the A1 motorway junction.

Warehouse & industrial

Poland Hermes by the German border

schedule 08 April 2024
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Panattoni has finished the construction of a logistics centre for Hermes Fulfilment. This is the first project that has been built for the company in Poland.

Office & mixed-use development

Romania Bucharest office market remains fluid and flexible

schedule 08 April 2024
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Two distinct trends have emerged in 2023: securing entry into prime new locations and optimising the portfolio through best value negotiations, all driven by a market with limited deliveries. After the first three months of this year, the office sector in Bucharest shows a positive fluctuation in terms of total leasing activity, being 71 pct higher than the same period last year.

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Poland Tristram Carfrae on sustainable engineering

schedule 07 April 2024
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Office & mixed-use development

Poland Cornerstone laid for Booster Zabrze

schedule 05 April 2024
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LemonTree, in cooperation with Commercecon, has launched the construction of Booster Zabrze following the cornerstone ceremony for the project. The mixed-use development will ultimately offer more than 100,000 sqm of retail, logistics and office space, surrounded by landscaping — accessible to both tenants and local residents.

Investment & finance

Poland Refinancing secured for Galeria Młociny

schedule 04 April 2024
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EPP and Echo Investment have successfully secured a loan worth EUR 145.2 mln for the new financing of the Galeria Młociny shopping centre in Warsaw.

Residential

Romania One United Properties moves into premium housing

schedule 04 April 2024
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One United Properties has concluded a memorandum of understanding with CPI Property Group for the acquisition of a 21 ha site close to the Eroii Revoluției metro station just south of Bucharest city centre. The project planned on the site should see the construction of round 5,000 housing units.

Warehouse & industrial

Poland For the seventh time for K-Flex

schedule 04 April 2024
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Panattoni is developing another BTS project for K-Flex – an international manufacturer of elastomeric thermal and acoustic insulation materials. A seventh building of 20,000 sqm in the warehousing and manufacturing complex in Uniejów will be completed in June this year.

Investment & finance

Poland Loan for Dobrzykowice

schedule 04 April 2024
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Hillwood Polska has signed a loan agreement with mBank worth more than EUR 28.4 mln for the construction of a warehouse in Dobrzykowice near Wrocław. The building will be part of the Hillwood Wrocław East project being developed together with LCube.

Residential

Poland Prefabricated for students

schedule 04 April 2024
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Solida Capital Europe and 1 Asset Management selected Pekabex for the execution of the purpose student housing PBSA project located in Puławska street in Warsaw.

Warehouse & industrial

Romania Maracana won't move out

schedule 04 April 2024
Opr./edited by JC

Maracana, a company specialising in transport, warehousing, logistics and distribution services, has renewed its lease contract for 5,000 sqm at the MLP Bucharest West logistics park.

Investment & finance

POLAND Grójecka 5 sold and renamed

schedule 04 April 2024
Nathan North
deputy editor

Dubai-headquartered investment platform Solida Capital has acquired the G5 office building at ul. Grójecka 5 in central Warsaw from Cromwell European REIT for EUR 15.86 mln. The property is to undergo a refurbishment following the change of ownership and will be rebranded as G5 Prime Offices.

Retail & leisure

Poland Terg invests in retail parks

schedule 03 April 2024
Opr./edited by ANZ

Terg, the owner of Media Expert, plans to strengthen its portfolio of investments in its own retail locations. The company wants to put into operation facilities with a total area of 72,000 sqm within the next two years.

Latest in Property and Facility Management

schedule 26 March 2024

Joint venture management for 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.

schedule 25 March 2024

Cushman rules at Expo Business Park

The Cushman & Wakefield Echinox has been appointed to manage the Expo Business Park office project, located in the Expozitiei area of Bucharest. As a result, the portfolio managed by the company’s asset services department reached almost 500,000 sqm.

schedule 03 January 2024

CBRE to manage Stop Shops in Serbia

CPI Property Group has appointed CBRE as manager of its Serbian Stop Shop retail park portfolio. It comprises 14 retail parks in 14 cities and more than 120,000 sqm of leasable area.

schedule 14 December 2023

Savills to look after Lakeside 

Savills will become the manager of the Lakeside office building. The complex is currently the largest development being built outside the central part of the capital. Atenor is responsible for its development.

schedule 13 September 2023

Savills to manage Okam City

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schedule 24 July 2023

Tattersall Lorenz chosen by Schroder

Tattersall Lorenz has been appointed property manager of Schroder portfolio with a lettable area of over 230,000 sqm. The firm will also provide support for letting management and an ESG service contract for the properties.

schedule 02 May 2023

Offices and logistics most shielded from energy shocks

According to Savills latest research, European offices and logistics are the two commercial real estate sectors most shielded from energy shocks as utility costs account for a relatively small share of total business spending.

schedule 15 March 2023

Tattersall Lorenz to manage the Sony Center

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schedule 02 March 2023

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schedule 15 February 2023

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schedule 13 February 2023

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Cushman & Wakefield has taken over the management of a portfolio of three shopping centres and one retail park acquired from Tesco last year by the Hungarian Adventum Group.

schedule 03 February 2023

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Cushman & Wakefield took over the management of Atrium Flora in Prague’s Vinohrady district, a shopping centre owned by G City Europe.

schedule 30 January 2023

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Business Campus, an office complex in Katowice with a combined area of close to 50,000 sqm, has a new property manager. Its owner, a joint venture of the Czech fund INVESTIKA realitní fond and Luxembourg-based private equity investor Bud Holdings, has entrusted real estate advisory firm Savills to provide property management for the complex.

schedule 08 December 2022

Colliers selected as PM for Łużycka offices

Colliers has been appointed property manager of four buildings of Łużycka Office Park and also of Łużycka Plus in Gdynia, which were recently acquired by a joint venture between Czech-based Investika realitní fond and Luxembourg-registered Bud Holdings.

schedule 07 December 2022

MVGM stays on as PM for Pro Portfolio

MVGM has signed an extension to its property management contract for the retail and service space in five office buildings in Poland owned by PineBridge Benson Elliot and Sharow Capital.

schedule 29 November 2022

Inclusion, not charity

Colliers has joined forces with Hungarian-based accessibility certification company Access4you in the Czech Republic. The two companies will assist people with special needs and disabilities to integrate themselves better into daily business life regardless of the type of work environment.

schedule 31 October 2022

Central mall management for Multi

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schedule 05 October 2022

Apleona takes over FM Solutions

German facility management specialist Apleona has acquired Polish counterpart FM Solutions. The terms of the deal have not been disclosed.

schedule 04 October 2022

Savills acquires Knight Frank's PM business

Savills has acquired Knight Frank’s commercial property and asset management team in Poland. Under the agreement, 35 employees have joined Savills while its Polish PM portfolio has surpassed 1.2 mln sqm.

schedule 12 August 2022

CPI to manage Immofinanz portfolio

CPI Property Group is to provide asset management services across the region to Immofinanz, following its recent acquisition of a controlling stake in the latter company.

Edition 4 (287) April 2024

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