British Property Group M Core Enters Murcia with ViaPark Acquisition

British property investment firm M Core has expanded its reach into the Region of Murcia through the acquisition of ViaPark, a fully occupied retail park located in Alcantarilla. The property, situated near the Polígono Industrial Oeste, offers approximately 5,900 square meters of commercial space and 304 parking spaces. M Core, based in the West Midlands of Britain, aims to build a portfolio of well-located retail parks and grocery-led commercial properties across Spain. The financial details of the transaction remain undisclosed.

ViaPark is part of an established retail destination, encompassing around 23,000 square meters, and is anchored by the E.Leclerc hypermarket and Decathlon. Other businesses operating at the site include KFC, footwear retailer Merkal, and home furnishings store Flash. With an estimated customer base of approximately 246,000 people residing within a 15-minute drive, the property's extensive parking provision and surrounding land could attract additional operators and increase its long-term value.

M Core's acquisition of the property brings its Spanish portfolio to seven retail parks, encompassing both operating and underdevelopment assets.

The group, founded in Britain, specializes in acquiring and actively managing commercial property, with a focus on retail parks, shopping centers, and convenience-led assets. Its European portfolio extends across several markets and includes over 1,100 properties valued at more than €7 billion. M Core has recently accelerated its expansion in Spain, including a joint venture with Hermes Properties to invest up to €500 million in retail assets across the Iberian Peninsula over five years.

M Core's chief investment officer for Europe, Sebastian Macdonald-Hall, described Spain as an important market for the company to identify growth opportunities. "ViaPark is an important addition to our portfolio and reflects our focus on well-located assets where our local team can support long-term performance through active management," he stated.

Alfonso Cuesta, head of M Core in Spain, emphasized that the fully let retail park aligns with the group's long-term investment strategy and offers scope to improve returns and create additional value. The acquisition marks M Core's first foothold in Murcia and expands the British firm's influence in Spain's growing retail park market.