AYA Properties Completes First Full Asset Acquisition in Romania

Belgian investment fund AYA Properties has completed its first full acquisition in Romania with the purchase of a 37,000 sqm mixed-use development at Record Park in Cluj-Napoca. The project was developed by real estate company Speedwell.

This follows a previous transaction between the two companies in 2022, when AYA Properties acquired the commercial portion of the Record Park development. That deal, valued at EUR 35 million, was structured as a share deal and included 15,000 square meters of Class A office and retail space, as well as a 2,000 square meter sports club featuring a swimming pool.

Record Park is Cluj-Napoca’s first mixed-use urban regeneration project. Alongside the office, retail, and wellness facilities, the complex also comprises 236 residential units.

Source: Profit.ro