Meta Estate Trust announces the completion of an investment worth over EUR 750,000 euros in a project that is part of the strategic business early stage line. This category of Meta Estate Trust investments involves the acquisition of homes in residential projects in the early stages of construction, with exit before or upon completion.
Alexandru Bonea, CEO of Meta Estate Trust: “Meta Estate Trust’s early stage investment business line delivered very good results this year and so we continue to rely on investments of this type to generate value for our shareholders. In addition, this project is one particularly aligned with Meta’s vision to develop sustainably, with minimal impact on the environment and with tangible and long-term benefits for the end user. Basically, this is Meta’s role, to be a bridge between the best existing real estate investments in Romania and the investors present on the capital market”.
In the case of the First Estate project, Meta Estate Trust bought seven apartments with seven parking spaces by accessing a bank line of credit. The investment was started at the end of 2022 and closed earlier this week.
First Estates Pipera is the first residential complex of apartments for sale in the area to offer free heating for all apartments.
Other Meta Estate Trust investments from the business early stage investments line, which delivered high returns this year, up to 30% for investors, are: Parcului 20 by Cordia and Mobexpert Homes Pipera.
