Real estate holding Meta Estate Trust reported total revenues of RON 6.3 million for the first half of 2023, up 60 percent from the same period in 2022, while net profit climbed toRON 2.9 million from RON 0.7 million.
“Benefiting from a good cash position at the beginning of the period, the company sought investments at attractive prices and managed to place in the first 6 months of 2023 more than EUR 4.8 million in 8 investment projects, including 4 new projects in Bucharest, Constanta and Brasov.
At the same time, the investment portfolio generated proceeds of approximately EUR 3.4 million, of which EUR 2.9 million related to exits marked in the first half of 2023.
lexandru Mihai Bonea, CEO of Meta Estate Trust, says that the residential market in Romania has been going through a period of slowdown in the volume of transactions and the increase in sales prices.
