Holding company Meta Estate Trust (ticker symbol MET) announced on Wednesday via the Bucharest Stock Exchange that it has fully exited a premium boutique residential project developed by APX Immo Property in the Cotroceni area of Bucharest.
In November 2023, the company invested 6.9 million lei into the project, which delivered an Internal Rate of Return (IRR) of 20%. Following the exit, the total cash proceeds amounted to 1.35 million lei, according to data provided by the company to the stock exchange.
“In 2023, we made the strategic decision to invest in projects in advanced stages of completion, targeting the premium segment. This strategy proved effective, generating a 20% return in just 12 months. The investment, characterized by a short maturity and low risk, reinforces our approach of building strong partnerships with trusted developers to deliver sustainable returns for our investors. This business line is essential to MET’s strategy, as it allows us to maximize investment yields,” said Alexandru Bonea, CEO of Meta Estate Trust.
The company states that its investment strategy is built on a diversified asset mix, designed to generate strong returns during periods of economic growth and maintain value during times of stagnation.
