LCP Poland, part of M Core, has signed an agreement to acquire five Polish retail park development projects from PKB Inwest Budowa.
All five assets are currently under construction, and are expected to open under the M Park banner by the end of this year. The acquisition will deliver close to 34,000 square meters of additional leasable space, and host 58 new tenants.
The transaction consists of retail parks in the Polish cities of Szprotawa, Wroclaw, Chelmza, Rokietnica, and Nowa Ruda. Under the terms of the agreement, PKB Inwest Budowa will oversee the completion of construction, while leasing will be jointly managed by PKB and LCP Poland.
“We value building on established partnerships, our collaboration with PKB Inwest Budowa began in 2022 with the acquisition of the retail park in Pleszew,” explained James Fife, CEO, LCP Poland, part of M Core. “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.”
LCP Poland, part of M Core is part of Britain’s LCP Group, which operates in the commercial, office, and warehouse real estate sector. In Poland, it has been present since 2005 and, as LCP Poland, part of M Core, has been developing its portfolio of retail properties under the M Park and Multiparks brands — the latter for small-business-unit warehouse spaces.
