Meta Estate Trust has confirmed that Retail Park Ciolpani is now fully operational following its official opening earlier this week. The project represents a €2 million investment by the holding company and marks a shift in their portfolio strategy. Situated on the DN1 road between Bucharest and Ploiești, the site is the first retail asset for the firm to start producing recurring rental income.

The development covers a gross leasable area of approximately 2,650 square metres. It occupies a busy location that serves commuters and residents in Snagov and northern Bucharest. According to the company, the park is already home to several international retailers. These tenants have signed medium to long-term agreements with a weighted average unexpired lease term of about nine years.

Financial projections from Meta Estate Trust suggest that the park could generate between €360,000 and €385,000 in annual rental revenue at full occupancy. To meet modern environmental standards, the developers included Eldrive electric vehicle charging points and various energy-efficiency features. These additions are part of the broader ESG strategy for the firm.

Bogdan Gramanschi, CFO and Interim CEO of Meta Estate Trust, said: “The 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 both the attractiveness of the project and the team’s ability to deliver beyond expectations. The approximately €2 million investment, the tenant portfolio, and the long-term lease structure underpin this development. Our projections indicate solid income potential, while the DN1 location directly addresses the growing needs of communities in northern Bucharest. Through this opening, we reaffirm our confidence in the economic expansion of Ilfov County, closely linked to the transformation of Bucharest and to public infrastructure projects planned for the 2020–2030 period, which support the development of services and facilities.”

The project was funded through a mix of the company’s own capital, partner contributions and a bank loan. This opening highlights the company’s move toward a more diversified portfolio focused on stable, long-term returns. Management believes the growth of Ilfov County and ongoing regional infrastructure work will continue to support the demand for such facilities.