Meta Estate Trust announces two new transactions

by   CIJ News iDesk V
2024-03-19   14:51
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Meta Estate Trust, a holding company active in the real estate sector, announces the beginning of the investment activity of the year with two recently completed transactions.

The company announces the exit from the real estate project Mobexpert Homes, with an annualized return of 29.6 percent. The investment in this project was an Early Stage one, with Meta Estate joining the developer at the beginning of the project by purchasing a package of 10 units. The total receipts following the exit amount to approximately RON 6.7 million.

Another transaction concluded by Meta Estate Trust was the purchase of Poiana SPV 6814 SRL. This transaction was concluded with the aim of consolidating the position of Meta Estate in Poiana Brașov, an area of investment interest, and to over-guarantee the investment of Meta Estate shareholders made up to this point.
"The two transactions indicate a dynamic start to the year for Meta Estate Trust, in which our team is taking steps to achieve the assumed objectives. Through these transactions, on the one hand, we capitalized on existing investments as they reached maturity and obtained attractive returns for investors. On the other hand, since taking over the mandate, both I and my team have been concerned with consolidating the portfolio. In this regard, we sought to secure the company's strategic position from our investments," said Alexandru Bonea, CEO of Meta Estate Trust.

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