Meta Estate Trust Inaugurates Retail Park in Ciolpani

Meta Estate Trust announces that Retail Park Ciolpani, the retail project developed on DN1 (Bucharest–Ploiești), is open and operational.

The park thus becomes the first asset of its kind in the Meta Estate Trust portfolio to generate recurring income. The total investment value in the Retail Park Ciolpani Project amounts to approximately 2 million euros, for a leasable area of ​​approximately 2,650 square meters.

“The early 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 the attractiveness of the project and the team’s ability to deliver beyond expectations. The investment value of approximately 2 million euros, the tenant portfolio and the structure of long-term contracts support this development. Our projections indicate a solid revenue potential, and the location on DN1 directly responds to the growing needs of communities in the north of the Capital,” said Bogdan Gramanschi, CFO and interim CEO of Meta Estate Trust.

Source: Profit.ro