“Another transaction concluded by Meta Estate Trust was the acquisition of Poiana SPV 6814 SRL. This transaction was concluded in order to strengthen Meta Estate’s position in Poiana Brasov, an area of investment interest, and to over-guarantee Meta Estate’s shareholders’ investment made so far (the transaction value for contracts concluded by the issuer with the same contractor, individually or cumulatively, exceeds 10% of the net turnover referring to the last annual financial statement and is reported according to Regulation no. 5/2018 art 234, paragraph 1, letter I). The total value of the transaction amount to EUR 1.251.000,” the report reads.
Meta also announced on March 19 “the signing of a bilateral sale-purchase agreement for the last property owned in the Mobexpert Homes project, an event marking the exit from this real estate project. The investment in this project was an Early Stage investment and had an Annualized Internal Rate of Return (IRR) of 29.6%, with total proceeds from the exit amounting to approximately RON6.7 million (excluding VAT).”
Alexandru Bonea, CEO Meta Estate Trust: “The two transactions indicate a dynamic start to the year for Meta Estate Trust, with our team taking steps towards achieving our goals. Through these transactions, on the one hand we have leveraged existing investments as they mature and achieved attractive returns for investors. On the other hand, since taking office both my team and I have been concerned with portfolio consolidation. In doing so, we have sought to secure the company’s strategic position in our investments.”
The transactions fall into the plans announced in early 2024 to concentrate the first-quarter activity on exits from its portfolio projects that reached maturity.