Romanian property holding Meta Estate Trust says it has invested €500,000 in the first phase of residential project The Lake Home from Sibiu.
The overall project will include 89 apartments, 29 luxury villas, an aparthotel and leisure facilities. It is developed by XUX Investment on 50,500 sqm of which almost half the surface area will be green spaces.
Oriol Casellas, CEO of Meta Estate Trust, says that the holding could invest in the following development stages.
Meta Estate Trust’s investment portfolio comprises 14 residential projects worth more than €8 million in Bucharest, regional cities and the seaside. In 2021, the company plans to go public on AeRo, the secondary market of the Bucharest Stock Exchange (BVB). The holding aims to reach an annualized projected yield of around 15% in the upcoming years.
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