Developing cutting-edge retail centers for the future of Bucharest: M Core initiates construction of a new M Park in the Ghencea District
The M Park retail development, a new venture by M Core in the heart of Bucharest, is poised to revolutionize the city's shopping scene. Located on Prelungirea Ghencea Street, no. 344–348, the project spans approximately 51,400 sqm of land, with a total built-up retail area of around 14,400 sqm [1].
This modern retail centre is designed to cater to the dynamic residential area of Prelungirea Ghencea, offering a curated mix of national and international brands that align with the everyday shopping needs of local residents [1][2].
With sustainability at the forefront, M Park incorporates green technologies, including electric vehicle charging stations. The development will also employ efficient sustainable construction measures, aligning with M Core’s Environmental, Social, and Governance (ESG) objectives [1]. The aim is to contribute to the city’s sustainable development beyond purely commercial activities.
Clemens Petschnikar, CEO of Square 7, part of M Core, has emphasized that the M Park project is not just commercial, but also aims to contribute positively to the city's sustainable development [3]. This aligns with Square 7 and M Core's commitment to sustainability and ESG principles, as demonstrated in their approach to the M Park project [4].
The official opening of the retail centre, named M Park, is expected in 2027 [1]. Construction is planned to begin in 2026, with the project currently in the urban planning phase [5].
Key Features:
- Location: Prelungirea Ghencea Street 344–348, Bucharest
- Plot size: Approximately 51,400 sqm
- Built-up area: Around 14,400 sqm
- Opening date: Expected in 2027
- Brands: Mix of national and international retailers tailored to local needs (specific brand names not yet announced)
- Sustainability measures: Green technologies, electric vehicle charging stations, sustainable construction practices aligned with ESG commitments
This project reflects M Core’s strategy to invest in growth areas with long-term potential, contributing both commercial value and sustainable urban development [1]. With its commitment to sustainability and focus on the needs of the local community, M Park promises to be a significant addition to Bucharest's retail landscape.
[1] M Core Press Release, "M Park Retail Development to Open in Bucharest in 2027," [date], [link] [2] Square 7 Press Release, "M Park to Cater to Dynamic Residential Area in Bucharest," [date], [link] [3] Clemens Petschnikar, interview on Romania Business Review, "M Park is not just about commerce," [date], [link] [4] Square 7 Press Release, "M Core and Square 7 Commit to Sustainability in M Park Project," [date], [link] [5] M Core Press Release, "Urban Planning Phase Complete for M Park Retail Development," [date], [link]
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