BT Property, an alternative real estate investment fund for professional investors, managed by INNO Investments SAI SA, a company of the Banca Transilvania Financial Group, has acquired Record Park from AYA Properties Fund (Belgium).
Launched in 2021, the BT Property Real Estate AIF invests primarily in real estate assets and companies with a real estate profile that generate potential returns and long-term value growth.
Until 2025, the fund was managed by BT Asset Management, and since October last year the new manager is INNO Investments, which specializes in alternative investment fund management. INNO Investments is the former OTP Asset Management Romania SAI SA, which became part of the Banca Transilvania Group following the acquisition of OTP Bank Romania and its subsidiaries.
The BT Property portfolio comprises properties in the retail, office and medical segments, with a total lettable area of approximately 43,000 sq.m, including the most recent acquisition. The fund manages assets of around €79m and has generated a return of over 55% since launch.
Record Park, an example of urban regeneration and an asset of strategic value
Record Park is a AAA class office complex, located in a premium area of Cluj-Napoca, with approximately 15,000 square meters of high-end office space leased to international companies. The complex integrates an extensive range of services and amenities - fitness center and swimming pool, restaurant, co-working spaces and an underground parking garage with over 200 spaces. Developed in 2020, the project has transformed a former industrial area into a contemporary mixed-use development, maintaining maximum occupancy from the outset. Built on the principles of Transit-Oriented Development (TOD) - an urban design model that prioritizes connectivity - and certified BREEAM Excellent, Record Park reflects high standards of sustainability and operational efficiency.
”We are very proud of this transaction. It is AYA's first closing of the investment cycle and is a perfect example of how we approach real estate investments: from identifying an opportunity, acquisition and stabilization, to project maturation and sale to an institutional investor at a market-aligned valuation. I am grateful to our partners at INNO Investments for constructive negotiations and a professionally conducted transaction process. We remain active and look forward to adding new assets to our portfolio”said Mateusz Siejka, Chief Investment Officer, AYA Properties Fund.
”We chose Record Park because of its strategic location, quality of construction and mix that responds very well to the current needs of local businesses and community. Both the returns offered to investors and the quality of the real estate assets in which the fund invests, taking into account ESG rigors, are important. We thank the AYA Properties Fund team for their open and professional collaboration and for the way they have managed and matured this asset up to the moment of the transaction”, added Vlad Micu, Managing Director, INNO Investments.