News Article 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.