Meta Estate Trust announces first successful exit of the year

Meta Estate Trust announces a EUR 2.65 million exit from a Novarion residential project in Sibiu. The investment in this project had an Internal Rate of Return (IRR) of 20%, with total revenues over the entire investment period of approximately EUR 1.6 million. Meta Estate Trust’s investment in Novarion’s The Lake Home Sibiu residential project debuted in December 2021, being carried out in the form of a real estate development partnership. Meta Estate Trust’s exit from Novarion Sibiu is part of the company’s strategy to focus primarily on real estate co-development investments in Bucharest.

"We are pleased to close, since the first quarter of this year, a significant exit for Meta Estate Trust. The investment in Novarion represented one of Meta Estate Trust's largest exposures, and in the more than three years of partnership we managed to mark three objectives. First of all, we marked a significant return for our shareholders and investors - 20% annualized and we supported the realization of a major residential project in Sibiu. Meta Estate Trust's exposure during this investment period to the residential development sector represents a valuable experience for the entire Meta team.", says Alexandru Bonea, CEO of Meta Estate Trust.

Meta Estate Trust invested a total of EUR 2.84 million in Novarion's The Lake Home Sibiu residential project, phased starting in December 2021.