BT Property Bought Record Park office complex in Cluj-Napoca

The real estate fund BT Property, managed by INNO Investments, a company of the Banca Transilvania Group, has purchased the Record Park office complex in Cluj-Napoca from the Belgian fund AYA Properties Fund. The Belgians bought the project from Speedwell in 2022 for EUR 35 million.

Record Park is a class AAA office complex with approximately 15,000 square meters of office space, leased to international companies and developed in 2020. The complex includes a fitness center with a swimming pool, restaurant, co-working spaces and an underground parking lot with over 200 spaces, and is BREEAM Excellent certified. The transaction value was not made public.

“We chose Record Park due to its strategic positioning, the quality of the construction and the mix that responds very well to the current needs of companies and the local community. Both the return offered to investors and the quality of the real estate assets in which the fund invests are important, taking into account the rigors of ESG,” said Vlad Micu, CEO of INNO Investments.