Retail Park Ciolpani, a commercial development located on the DN1 road between Bucharest and Ploie\u0219ti, has become fully operational following an investment of roughly EUR 2 million by Meta Estate Trust (stock symbol MET), the company announced on Friday, December 19.<\/p>\n
The park officially opened on December 17, marking the first retail asset in Meta Estate Trust\u2019s portfolio to generate recurring revenues.<\/p>\n
The project has a gross leasable area of around 2,650 square meters and is situated in a high-traffic area with direct access to Snagov and northern Bucharest.<\/p>\n
Lease agreements have a weighted average duration of nine years, while the current tenant mix includes well-known international retailers. Based on Meta Estate Trust\u2019s internal projections, at 100% occupancy, potential rental revenues are estimated at between EUR 360,000 and EUR 385,000 per year.<\/p>\n
The retail park\u2019s infrastructure also includes Eldrive electric vehicle charging stations and energy-efficiency solutions.<\/p>\n
\u201cThe opening of Retail Park Ciolpani represents a milestone for Meta Estate Trust. It is our first operational retail park and the first to generate recurring revenues, confirming both the attractiveness of the project and the team\u2019s ability to deliver beyond expectations. The approximately EUR 2 million investment, the tenant portfolio, and the long-term lease structure underpin this development,\u201d said Bogdan Gramanschi<\/strong>, CFO and Interim CEO of Meta Estate Trust.<\/p>\n Retail Park Ciolpani was developed through a combination of own funds, contributions from two partners, and a bank loan.<\/p>\n Meta Estate Trust is a holding company active in the real estate sector, founded in March 2021 by Romanian entrepreneurs. Since August 29, 2022, the company has been listed on the AeRO market of the Bucharest Stock Exchange under the ticker symbol MET. As of March 20, 2023, MET shares have been included in the BETAeRO Index.<\/p>\n irina.marica@romania-insider.com<\/p>\n (Photo source: press release)<\/p>","protected":false},"excerpt":{"rendered":" Retail Park Ciolpani, a commercial development located on the DN1 road between Bucharest and Ploie\u0219ti, has become fully operational following an investment of roughly EUR 2 million by Meta Estate Trust (stock symbol MET), the company announced on Friday, December 19. The park officially opened on December 17, marking the first retail asset in Meta […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8226","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/8226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8226"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/8226\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}