Meta Estate Trust reports 15% profit gain in 2024

31
Mar
2025
News - Meta Estate Trust reports 15% profit gain in 2024 #Alexandru Bonea #investment #Meta Estate Trust #real estate #Romania

by Property Forum | Report

Romanian real estate holding Meta Estate Trust has recorded a 15% year-on-year increase in net profit, reaching RON 10.8 million (€2.2 million) in 2024, while its total revenues rose 22% to RON 34.5 million (around €7 million).


Operating income also experienced substantial growth, up by 32% to RON 25.5 million (€5.1 million). The investment portfolio expanded by 9%, amounting to RON 110 million (€22 million), and total assets reached RON 121.7 million (€24.4 million), an 11% increase compared to the previous year.

Alexandru Bonea, CEO of Meta Estate Trust, commented on the company's performance: “We will continue to seek a balance between risk and opportunity. In this regard, we will use the Bucharest residential market as a tool to maximize returns, while the commercial market will serve as a risk-balancing instrument. Moreover, we will leverage the bankability of income-generating commercial assets as a tool for accelerated asset growth through long-term financing”

In 2025, Meta Estate Trust aims to simplify its capital structure and initiate the process of transferring from the AeRO market to the Bucharest Stock Exchange's (BVB) main market.




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New leases

  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.
  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.
  • American retailer GAP entered the Romanian market at Fashion House Militari, followed by the launch of an Italian Stefanel store at Fashion House Pallady, with a further Stefanel location scheduled to open shortly in Militari.

New appointments

  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.


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