FIA Imobiliar BT Property enters the retail market

BT Property Alternative Investment Fund has acquired Funshop Park Turda (Cluj) from the Polish group Scallier. The transaction marks the fund's entry into the retail market, where it aims to expand. Funshop Park Turda, a retail park, has over 9,000 sqm of leasable area and BREEAM certified buildings, according to international standards.

FIA Imobiliar BT Property, managed by BT Asset Management SAI SA, a company of Banca Transilvania Financial Group, is aimed at professional investors and is established for an indefinite period. The fund was launched in 2022 and currently has assets of EUR 32 million. Its portfolio comprises premium real estate in Romania with a leasable area of over 40,000 sqm. It is the first alternative investment fund specialising in real estate investments authorised in Romania by the Financial Supervisory Authority.