M Core Acquires Five Retail Park Development Projects in Poland from PKB Inwest Budowa

LCP Poland, part of M Core—one of the leading investors and developers in the Polish retail park sector operating under the M Park brand—has signed an agreement to acquire five retail park development projects from PKB Inwest Budowa. All five assets, currently under construction, are expected to open under the M Park banner by year-end 2025. The acquisition will deliver close to 34,000 sqm of additional leasable space, hosting 58 new tenants, and marks another step forward in M Core’s continued expansion across Central and Eastern Europe.

The transaction comprises retail parks in Szprotawa, Wrocław, Chełmża, Rokietnica, and Nowa Ruda. Each project has reached a construction milestone that enables integration into the M Park portfolio without delay. Under the terms of the agreement, PKB Inwest Budowa will oversee completion of construction, while leasing will be jointly managed by the PKB and LCP teams—ensuring continuity and delivery excellence.

James Fife, CEO, LCP Poland, part of M Core said “We value building on established partnerships, our collaboration with PKB Inwest Budowa began in 2022 with the acquisition of the retail park in Pleszew. With this new package of five projects, we’re not only strengthening that relationship but also reaffirming M Core’s investment strategy in Poland—a market we continue to prioritise. By the end of 2025, we anticipate opening our 70th retail park in the country.”

Jacek Ostwald, General Partner at PKB Inwest Budowa, added “We are pleased to continue our collaboration with M Core – a partner who recognises the quality of our projects and operational efficiency. The offered package of properties, which will become part of the M Park network in Poland after completion, represents a significant portion of our current development pipeline. The funds obtained from this transaction will support our further growth and allow us to maintain the implementation of our long-term strategy, circa 5–6 retail parks annually”

The deal reflects M Core’s capacity to execute large-scale real estate acquisitions, backed by the strength and stability of its international investment collective. Active for over 35 years in the European commercial real estate sector, M Core continues to consolidate its position in key growth markets. Most recently, the Group made its entrance into Romania - becoming the country’s largest operator in retail park asset class.

As part of M Core’s long-term ESG roadmap, each of the five new retail parks will incorporate electric vehicle charging infrastructure, tree planting initiatives, and water-saving systems. All assets are on track to achieve a minimum rating of ‘Very Good’ under BREEAM certification, underscoring M Core’s ongoing commitment to sustainable development across its European portfolio.