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News from Members Meta Estate Trust Announces New Investments and a €2.7 Million Exit with a Gross Profit of €740,000

Meta Estate Trust Announces New Investments and a €2.7 Million Exit with a Gross Profit of €740,000

by Meta Estate Trust September 21, 2023

Meta Estate Trust, (stock symbol MET), a holding company operating in the real estate sector, announces the sale of the 40% stake held in Redport Properties SRL, the developer of The Level Apartments project. The company collected over €2.7 million from the closing of the transaction. With this investment, the company achieved a 37% return, after a total investment of €2 million. 

Alexandru Bonea, Managing Director MET : "These transactions prove the performance potential of MET's investment strategy. Partnerships with real estate developers epresent a key strategic pillar through which we will be able to deliver the returns promised to our shareholders." 

Additionally, the company has decided to gradually reinvest €2 million by acquiring 10% of Redport Capital SRL, one of the most important local residential players active in the north of Bucharest, which owns strategic land in the historic area of Dămăroaia - Străulești where they will develop over 1600 apartments and commercial spaces over the next 7 years. 

Based on a long-term vision for the area, where sustainability and the integration of technological facilities are aligned with international standards, the developer plans to begin construction for phases 3 and 4 of The Level Apartments project, as well as work on Infinity Nord, one of the largest urban regeneration projects in Bucharest. 

Following our successful collaboration with Redport Capital since the beginning of its activity, Meta Estate Trust is once again allocating an investment of €2 million to Redport Capital's future real estate development projects.

Furthermore, Meta Estate Trust has granted a loan to its subsidiary Montserrat Assets SRL in the amount of €420,000 to acquire two apartments and four parking spaces in the north area. The two apartments are leased for a minimum period of 3 years, with a return of over 7%, the first investment in the rental business line. 

Montserrat Assets SRL is a company established in November 2022 for the purpose of carrying out specific real estate investment projects and is 100% owned by Meta Estate Trust.  

About Meta Estate Trust 

Meta Estate Trust is a holding company active in the real estate sector, founded in March 2021 by a group of Romanian entrepreneurs with experience in real estate and the capital market. Since August 29, 2022, Meta Estate Trust is listed on the Bucharest Stock Exchange, in the AeRO market, with the stock symbol MET. As of March 20, 2023, the MET stock is included in the BETAeRO index. 

Since the beginning of its activity, the company has invested in 37 real estate projects, acting as a partner to real estate developers by equity participation, as well as through acquisitions of housing units in residential projects in the early stages of construction, in Bucharest and in major cities. 

The investment policy is based on a mix of investment typologies with different return and risk profiles, with a diversified and flexible portfolio that can easily adapt to market cycles. 

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