MAS Has Put Up for Sale 6 parks on the Local Market

South African developer MAS has put up for sale all of its retail parks in Romania, except those in Bucharest and Balotești. At a value of around EUR 300 million, this could become the largest transaction ever signed in the retail sector of the local real estate market.

The South African investor has put up for sale its retail parks in Ploiești, Zalău, Roman, Baia Mare, Sfântu Gheorghe and Bârlad. They have a total leasable area of ​​125,500 square meters and are valued in the property’s accounting at over EUR 310 million. The shopping centers generate EUR 22.7 million annually from the rental of the spaces.

According to market sources, M Core would be interested in acquiring the retail parks from the MAS portfolio. MAS’ decision to sell the retail parks comes in the context of the fact that, at the beginning of 2025, MAS sold all the strip malls it owned in Romania to the British group M Core, for a price of over EUR 50 million.

Source: Profit.ro