Meta Estate Trust Secures 4 Commercial Projects for Penny Store Rentals

By Romania Journal Last updated Sep 18, 2024

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Meta Estate Trust, a holding company that operates in the real estate sector and acts as a portal between the real estate market and the capital market, announces the securing of an attractive pipeline of four major commercial projects, which will be developed in partnership with the brand Penny food retail international. These projects will significantly contribute to strengthening the company’s position in the market, by generating recurring income and expanding the asset portfolio. Meta Estate Trust signed memorandums of understanding for the acquisition of four commercial spaces, which will be developed in various localities on the territory of Romania. They will be leased long-term (10-15 years) based on an inflation-indexed contract, with no early termination option.

Alexandru Bonea, CEO of Meta Estate Trust: “To develop this company – faster than the 10% organic growth that we already deliver to our shareholders – it is necessary to outline an attractive pipeline of projects and to raise the necessary capital for its realization. These four projects provide us with solid revenue predictability and help reduce our exposure to market risks. At the same time, recurring revenue of €1m annually, plus the ability to raise over €6m in debt financing, will enable us to achieve our ambitious growth targets.”

The estimated calendar provides that the four commercial spaces will be developed with distinct start and end dates. Each transaction will be approved individually by the company’s board of directors. The construction of the four commercial spaces whose total area is approximately 6,000 square meters will be started at different times, between August and December 2025, and their completion is planned for December 2026.

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