The park therefore becomes the first such asset of Meta Estate Trust, a holding company operating in the real estate sector and on the capital market, which generates recurring income.
The lettable area is about 2,650 square meters, in an area with access to Snagov and the north of Bucharest. The leases have a weighted average term of nine years.
Based on Meta Estate Trust’s internal projections, at an occupancy rate of 100%, potential rental income should reach EUR360,000 to EUR385,000 per year. The infrastructure of the park also includes Eldrive EV charging stations and Bottom of Form energy efficiency solutions.
“This is our first operational retail park and the first that generates recurring income, confirming the attractiveness of the project and the capability of the team to deliver beyond expectations. The investment stands at about EUR2 million, the tenant portfolio and the structure of the long-term contracts support this development (…),” said Bogdan Gramanschi, CFO and interim CEO of Meta Estate Trust.
(English version by Loredana Fratila-Cristescu)