Gică Popescu Sells GP Plaza Commercial Center to M Core

The real estate group M Core has purchased the GP Plaza retail park, opened in Hunedoara in the fall of last year, from former footballer Gică Popescu, president of the Farul Constanța football club.

M Core signed the purchase transaction at a price of EUR 8 million, according to sources in the real estate market. Gică Popescu invested over EUR 7 million in the development of the shopping center. The complex was built on the site of a former footwear and knitwear factory in the city of Hunedoara and has a total area of ​​approximately 21,400 square meters.

GP Plaza opened with tenants such as Annabella Retail, Action, TEDi, the Dr. Max hypermarket, Takko, Deichmann, Luca, Animax, Sportisimo and Xpress.

Through the acquisition of GP Plaza, M Core adds Hunedoara to the list of over 35 cities in Romania where it is already present with retail projects.

Source: Profit.ro