M Core Acquires Focsani Shopping Centre from KBC Bank
Deal News | Jun 25, 2025 | CEE Legal Matters
Schoenherr has successfully advised M Core on the acquisition of the Focsani Shopping Centre from KBC Bank. Focsani Shopping Centre, a significant retail asset covering 45,000 square meters, has shown consistent performance with a 92% occupancy rate expected by 2025 and hosts over a hundred retailers. This acquisition supports M Core's strategic expansion in the Romanian real estate market, where they are projecting more than EUR 200 million for future developments in the next two years. The legal team from Schoenherr involved in this transaction included leaders and experts from their firm. Ionescu, Stoica si Asociatii reportedly served as KBC Bank’s legal counsel.
Sectors
- Real Estate
- Legal Services
- Retail
Geography
- Romania – The Focsani Shopping Centre is located in Romania and M Core's expansion plans involve the Romanian market.
Industry
- Real Estate – The acquisition involves a significant retail real estate asset, indicating activity within the real estate sector.
- Legal Services – The article highlights the involvement of law firms Schoenherr and Ionescu, Stoica si Asociatii in the transaction, indicating the involvement of legal advisory services.
- Retail – The Focsani Shopping Centre is a core retail asset, therefore relevant to the retail industry.
Financials
- EUR 200 million – Projected value of M Core's developments planned in the Romanian real estate market in the next two years.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| M Core | Buyer | Company | M Core is the acquiring entity expanding its real estate portfolio in Romania. |
| KBC Bank | Selling Company | Company | KBC Bank is the entity selling the Focsani Shopping Centre to M Core. |
| Focsani Shopping Centre | Target Company | Company | The retail asset being acquired, significant for its size and occupancy rate. |
| Schoenherr | Legal Advisor - Buyer | Company | Legal firm advising M Core on the acquisition. |
| Ionescu, Stoica si Asociatii | Legal Advisor - Seller | Company | Reportedly advised KBC Bank on the transaction. |