Meta Estate Trust exits Bucharest resi project

12
Sep
2022
News - Meta Estate Trust exits Bucharest resi project #BVB #Meta Estate Trust #Oriol Casellas Deig #residential #Romania #Smart Residence Lujerului

by Property Forum | Investment

Romanian property holding Meta Estate Trust received €4.8 million after exiting its investment in Bucharest-based Smart Residence Lujerului.


The company initially invested €4 million in the housing complex in September 2021 and secured a gross yield of 20% following the exit.

“The proceeds from the exit of Smart Residence Lujerului will be directed towards business development. At present we have a solid pipeline of projects in which we are in various stages of negotiation," said Oriol Casellas Deig, CEO of Meta Estate Trust.

Oriol Casellas Deig

Oriol Casellas Deig

Chief Executive Officer
Meta Estate

Oriol Casellas has held leading positions in the real estate industry for over 20 years, where he coordinated residential, office and retail projects in Spain, Poland and Romania valuing more than 350 million euros. Oriol Casellas is now the CEO of Meta Estate Trust, a fast-growing investment company focused on the Romanian residential market. The company has invested so far in 14 residential developments throughout the country. After a series of fast-paced and successful private placements, Meta Estate Trust aims to become a listed company next year. Oriol holds an MBA from ESADE. More »

According to him, the company currently has investments in 18 real estate projects in several cities across the country. The company is also selling residential units owned in several projects across Bucharest.

Meta Estate Shares were up 2.62% to 0.98 lei on Friday closing trading session on the Bucharest Stock Exchange (BVB) - AeRo platform.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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