Aya Properties Fund has sold Record Park, an office complex in Cluj-Napoca, to BT Property through Inno Investments in a deal that marks the first completed investment cycle for the Belgium-based fund.
The 15,000 sqm office complex located in a central area of Cluj-Napoca includes a fitness center, swimming pool, restaurant, co-working spaces, and underground parking with over 200 spaces.
Mateusz Siejka, Chief Investment Officer at Aya Properties Fund, said: "We are very proud of this transaction. It is the first closing of an investment cycle within AYA and is a perfect example of how we approach real estate investments: from identifying an opportunity, acquisition and stabilization, to maturing the project and selling it to an institutional investor at a market-aligned valuation."
Vlad Micu, CEO of Inno Investments, said: "We chose Record Park because of its strategic location, the quality of its construction, and its mix, which responds very well to the current needs of companies and the local community. Both the return offered to investors and the quality of the real estate assets in which the fund invests are important, taking into account ESG requirements."
Developed in 2020, the project transformed a former industrial area into a mixed-use complex and has maintained full occupancy since opening. The development is certified Breeam Excellent and was built following Transit-Oriented Development principles.
