Advanced shopping destination for the future of Bucharest: M Core constructs a new M Park within the Ghencea District
M Core's Sustainable Retail Development, M Park, Coming to Bucharest in 2027
M Core, a significant player in the European real estate market, is expanding its Romanian portfolio with a new retail development in Bucharest. Named M Park, this upcoming retail park is set to open its doors in 2027, located in the dynamic and rapidly expanding Prelungirea Ghencea district [1][2][4].
The development will occupy a 51,400 sqm land plot and boast a built-up area of approximately 14,400 sqm [2][4]. M Park will be a vibrant hub, featuring a mix of local and international brands aimed at serving the daily needs of the surrounding residential community [1]. As of mid-2025, the project is currently in the urban planning phase, with construction expected to begin in 2026.
Sustainability is at the heart of M Core's commitments, and M Park is no exception. The retail park is designed to incorporate sustainable features such as green technologies, electric vehicle charging stations, and efficient construction methods to reduce its environmental impact [1]. M Core aims to contribute beyond commercial value, supporting the city’s sustainable development through this project.
Clemens Petschnikar, CEO of Square 7, part of M Core, has highlighted the significant growth potential of Prelungirea Ghencea. The company's portfolio includes over 1,050 assets valued at more than €7 billion, showcasing their significant presence and experience in real estate investment [1].
In summary, M Core's new retail development in Prelungirea Ghencea is a major upcoming retail park aiming to open in 2027, blending commercial growth with sustainable urban development in a dynamic Bucharest neighborhood. As for the specifics of the sustainable practices, timelines, and partnerships, more information is yet to be disclosed.
References: [1] M Core. (2025). M Core announces new retail development in Bucharest. Retrieved from www.mcore.com/news [2] Bucharest City Hall. (2025). Urban planning updates: M Park development in Prelungirea Ghencea. Retrieved from www.bucharest.ro/urban-planning [4] Romania Insider. (2025). M Core to develop new retail park in Bucharest. Retrieved from www.romania-insider.com/business/retail
- M Core, with a strong presence in both real estate and finance industries, is investing in a sustainable retail development named M Park, which will incorporate home-and-garden and lifestyle elements, aiming to serve the needs of the Bucharest residential community.
- The retail park, which will occupy a land plot of 51,400 sqm and have a built-up area of approximately 14,400 sqm, is expected to feature a mix of retail outlets, possibly including brands from the finance, retail, and commercial sectors, as well as businesses concerning sustainable living.
- In addition to its commercial focus, M Park will incorporate environmentally friendly features such as green technologies, charging stations for electric vehicles, and efficient construction methods, demonstrating M Core's commitment to sustainable living and reducing its carbon footprint.
- Expanding its Romanian portfolio, M Core is poised to make a significant contribution to the city's sustainable growth, not just in terms of retail or real-estate development, but also by supporting Bucharest's overall commitment to a greener and more sustainable future.
