The development is set to start in 2025. Meta Estate Trust representatives expect the project to be completed in early 2027, with the value of the entire asset due to revolve around EUR5.5 million.
“The investment in the Victory Square land plot, via which we secure exposure to a new segment, that of private healthcare, is part of a recently announced strategic development direction,” stated Alexandru Bonea, Meta Estate Trust general manager.
According to him, Meta Estate Trust is in the process of identifying and contracting a general entrepreneur to carry out the project, with construction costs being put at around EUR2 million.
The group in the first half of this year posted RON6.3 million net profit, double the H1/2023 level, and RON19.2 million revenues, up from RON6.6 million in the same period of last year.
Its shares have lost 7.5% since the start of the year, amid RON66.5 million capitalization on AeRO market.
(English version by Catalina Apostoiu)