FIA Imobiliar BT Property acquired Prima Shops Oradea
December 13, 2024 Reading time 2:00 minutes
The BT Property Alternative Investment Real Estate Fund, managed by BT Asset Management SAI SA, is expanding in the retail market by acquiring Prima Shops Oradea park from Oasis Group. It has over 9,000 sq m and is located in a prime area of the city.
BT Asset Management SAI SA announced in May 2024 the fund's entry into the retail market and its objective to expand. Since its launch in 2022, BT Property has reached assets of €40.4 million. The fund has so far invested in real estate assets providing premium conditions in the retail and office area and in healthcare buildings.
BT Property is aimed at professional investors and is set up for an indefinite period. It is the first alternative investment fund specializing in real estate investments, authorized in Romania by the Financial Supervisory Authority.
BT Asset Management SAI SA is one of the leaders in the Romanian investment management market and is part of the Banca Transilvania Financial Group. The company manages 17 investment funds, with investments in a broad spectrum of financial instruments, including real estate investments. The asset management business started in 2005 with 500 clients and has grown to over 250,000 investors and approximately RON 6 billion in assets under management.
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