M Core to develop new retail project in Lugoj

13
Aug
2025
News - M Core to develop new retail project in Lugoj #Clemens Petschnikar #Lugoj #M Park Lugoj #retail #Romania #Square 7 Properties

by Property Forum | Retail

M Core has received approval for the Zonal Urban Plan (PUZ) for a new retail project in Lugoj. 

The new M Park Lugoj will be built on a plot of land spanning approximately 32,000 sqm, with a built-up area of 9,800 sqm. The development has already secured a strong mix of international and local tenants for the entire retail space.

Clemens Petschnikar, CEO of Square 7, part of M Core, said: “This achievement reflects our close collaboration with local authorities and the continued positive reception of our developments across Romania. Our goal is to bring Lugoj a sustainable, high-quality retail space that meets the everyday needs of its residents.”

Construction is slated to start next spring, with delivery expected in January 2027.


Clemens Petschnikar Lugoj M Park Lugoj retail Romania Square 7 Properties


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  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

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  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
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