Meta Estate Trust invests in land plot in central Bucharest

Business Forum

4 November, 2024 at 1:00 PM

Meta Estate Trust has invested in a plot of land near Victoriei Square in central Bucharest, where it plans to develop a building that will be leased to a chain of private medical clinics.

The project will be completed at the beginning of 2027, and the total value of the asset upon completion will be approximately €5.5 million, according to a notification sent by Meta Estate to the Bucharest Stock Exchange (BVB).

“By investing in commercial assets that generate recurring income, we achieve solid predictability of financial results and reduce exposure to real estate market cycles. This project, along with the four we will develop for Penny, will ensure these long-term growth prospects,” said Alexandru Bonea, General Manager of Meta Estate Trust.

The company is looking for a general contractor for the construction of the building. Additionally, Meta Estate Trust is exploring the option of bank financing to cover construction costs, which amount to approximately €2 million.

Meta Estate Trust has a market capitalization of 66.5 million lei and a share price of 0.65 lei, according to data consulted on Monday morning at BVB.

West Group finalises acquisition of Bucharest resi project

West Group has completed the acquisition of the iResidence residential project in northern Bucharest. The deal was carried out under agreed commercial conditions, with construction activity on site continuing without interruption.

Real estate

Star Residence to buy office building in Bucharest for €19 million

Star Residence Invest has signed a letter of intent to acquire an office building in central Bucharest for €19 million.

Real estate

Finance displaces tech in Bucharest office demand

After a period dominated by the tech sector, H1 2025 saw a notable surge in interest from the financial-banking sector in the Bucharest office leasing market, according to data by Crosspoint Real Estate.

Real estate

Bucharest office leasing reaches lowest point in four years

Office leasing in Bucharest reached its lowest point in four years during H1 2025, according to Colliers consultants. Total leasing transactions exceeded 100,000 sqm, representing a more than one-third decrease compared to the same period last year.

Real estate

Market beat: How large office tenants gain leverage in Bucharest

Lavinia Ioniță Rasmussen, Real Estate Partner at Nestor Nestor Diculescu Kingston Petersen (NNDKP), talked to Property Forum about the firm's growing portfolio in industrial and renewable energy, but also about the new EU rules that will boost investments in green buildings.

Real estate

Meta Estate Trust snaps villas in Brașov-based Radisson resort

Romanian property holding Meta Estate Trust has purchased four villas within the Radisson Blu Grand Mountain Resort Brașov, currently under development, in a deal worth €1.52 million.