Meta Estate Trust invests over 750,000 euro in seven apartments in the First Estate project developed in Pipera
Meta Estate Trust (ticker symbol MET), a holding company operating in the real estate sector, announces the completion of an investment of over 750,000 euro in a project that is part of its early stage business strategy. This category of Meta Estate Trust investments involves the acquisition of homes in residential projects in the early stages of construction, with exit before or upon completion.
Alexandru Bonea, CEO of Meta Estate Trust: "Meta Estate Trust's early stage investment business line has delivered very good results this year and we are therefore continuing to focus on this type of investment to generate value for our shareholders. In addition, this project is particularly aligned with Meta's vision to develop sustainably, with minimal environmental impact and with tangible and long-term benefits for the end-user. After all, this is Meta's role, to be a bridge between the best real estate investments existing in Romania and the investors present on the capital market".
In the case of the First Estate project, Meta Estate Trust bought seven apartments with seven parking spaces by accessing a bank credit line. The investment was started at the end of 2022 and completed earlier this week. in the coming months through its website www.metahomes.ro.
First Estate, developed in the center of Bucharest's business hub, Pipera, a highly sought after area, differentiates itself by using green and economical heating technologies. First Estates Pipera is the first residential apartment complex for sale in the area to offer free heating for all apartments.
Other Meta Estate Trust investments in the early stage investments business line that have delivered high returns this year of up to 30% for investors are Parcului 20 by Cordia and Mobexpert Homes Pipera.
About Meta Estate Trust
Meta Estate Trust is a holding company, active in the real estate sector, founded in March 2021 by a group of Romanian entrepreneurs with experience in real estate and capital markets. As of August 29, 2022, Meta Estate Trust is listed on the Bucharest Stock Exchange, on the AeRO market, with the stock symbol MET. As of March 20, 2023, MET's share is included in the BETAeRO index. Since its establishment, the company has invested in 37 real estate projects, acting as a partner of real estate developers through equity participation, as well as through the acquisition of homes in residential projects in the early stages of construction, in Bucharest and in major cities.
