12 June 2025
press release
romania
Romania: Schoenherr advises M Core on acquisition of Focsani Shopping Centre from KBC Bank
Schoenherr advised M Core on the acquisition of Focsani Shopping Centre from KBC Bank. The transaction, which was recently closed in Bucharest, is part of M Core's expansion strategy in the local commercial real estate sector, where the group has made a series of high-impact acquisitions and developments worth EUR 150m in the past six months, including this investment.
Focsani Shopping Centre, a core retail asset spanning 45,000 m2 with a 92 % occupancy rate in 2025, further strengthens M Core's national presence. Home to more than 100 retailers, the centre has demonstrated sustained performance over the past 17 years.
Schoenherr's services included conducting due diligence investigations, as well as legal advice on the full range of corporate/M&A and real estate matters in connection with this transaction. The firm's competition, EU and foreign trade team advised on merger clearance and foreign direct investment (FDI) screening.
"Schoenherr's dealmaking activity reflects current market momentum and investment trends, and this is also relevant if we look at the resilient Romanian commercial real estate sector," said Schoenherr partner Markus Piuk, who led the team advising the buyer in this transaction. "We are happy to have been advising M Core on their strategic property investment in Focsani Shopping Centre."
M Core is an established, highly profitable family of property investment and management companies. It is active in the United Kingdom, France, Poland, Romania, Germany and Spain. In Romania, M Core maintains an active pipeline exceeding EUR 200m in projected developments over the next two years.
KBC Bank is part of KBC Groep NV, an integrated bank-insurance group, catering mainly for retail, private banking, SME and mid-cap clients. Its core markets are Belgium, the Czech Republic, Slovakia, Hungary and Bulgaria.
The Schoenherr team advising M Core in this transaction was led by Markus Piuk (partner), and included Mădălina Mitan (partner) and Simona Lehniuc (managing attorney at law), who were further supported by Liviu Flușcă (senior attorney at law), Laura Buzatu-Teodorescu (senior attorney at law) and Raluca Drăgușin (attorney at law). Competition and foreign trade matters were coordinated by Georgiana Bădescu (partner), who was further supported by Cristiana Manea (managing attorney at law), Sabina Aionesei (attorney at law) and Teodora Burduja (associate).
further team members
press contact
Katharina
Falkner
Corporate Communications & Business Development Manager
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