The management of Meta Estate Trust (stock symbol: MET), a real estate holding company, informed the capital market on Thursday about a new investment within its trading business line. The investment involves acquiring a package of 8 apartments in Phase 1 of the Sky Garden Residence project, located on Șoseaua Berceni, near the new pedestrian overpass that offers direct access to the Berceni metro station. According to the press release, the area enjoys excellent connectivity to the capital’s business center and is part of an extensive urban regeneration process.
The transaction was carried out through a purchase agreement and an advance payment of €200,000, with the total value of the investment estimated at approximately €700,000. This allocation aligns with the company’s strategy of diversifying its trading portfolio by focusing on development-phase projects with high appreciation potential. The investment is expected to generate an Internal Rate of Return (IRR) of 24%.
“Bucharest’s residential market remains attractive for investors who adopt a strategic and forward-thinking approach. The 30%+ decline in building permits over the past two years and the slower delivery pace projected for 2026–2027 create a competitive edge for ongoing projects located in well-connected areas. Our investment in Sky Garden Residence is a clear example of smart positioning, with strong value-growth potential. We estimate a 24% IRR, reflecting the real opportunity in this market. Meta Estate Trust continues to strengthen its portfolio through carefully selected, sustainable investments rooted in the current market realities,” said CEO Alexandru Bonea.
The acquired package includes 3 double studios and 5 one-bedroom apartments, located on intermediate floors, with average usable areas of 41 sqm and 52 sqm (excluding balconies). The units will be delivered turnkey and fully finished, and the buildings will feature partially ventilated facades.
The project is currently in the structural construction phase, with its building permit issued on September 2, 2024, and completion expected in March 2026. The surrounding area offers numerous commercial facilities—supermarkets, gyms, retail stores, etc. The residential complex is developed by Sky Garden, a seasoned developer with over 1,000 apartments delivered in 12 years.
In 2024, Meta Estate Trust recorded a net profit of 10.8 million lei, marking a 15% year-over-year increase, while revenue rose 7% to 13.2 million lei. MET shares have declined by 3% over the past year, with a market capitalization of 70 million lei.
