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 este un complex de birouri de clasă AAA, aflat într-o zonă premium din Cluj-Napoca, cu aproximativ 15.000 mp de spații de birouri high‑end, închiriate unor companii internaționale. Ansamblul integrează o gamă extinsă de servicii și facilități – centrul de fitness și piscină, restaurant, spații de co-working și o parcare subterană cu peste 200 de locuri. Dezvoltat în 2020, proiectul a transformat o fostă zonă industrială într-un ansamblu contemporan cu destinație mixtă, menținând, de la început, un grad maxim de ocupare. Construit pe principiile Transit-Oriented Development (TOD) – un model urbanistic care prioritizează conectivitatea – și certificat BREEAM Excellent, Record Park reflectă standarde ridicate de sustenabilitate și eficiență operațională.
”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.
