FIA Imobiliar BT Property, €12 million real estate investment transaction

The BT Property Alternative Investment Fund (AIF), which manages assets amounting to EUR 22.3 million, has completed the acquisition of three buildings in which the Amethyst Radiotherapy oncology clinics operate, located in Cluj (Florești), Timiș (Dumbrăvița) and Ilfov (Otopeni). The transaction, Sale&Lease Back, amounts to EUR 12 million.

The Fund is specialized in real estate investments, operational real estate projects in retail, office premises, logistics and medical buildings but also schools, which provide premium conditions for developing and operating these specific activities. It is managed by BT Asset Management SAI SA, a company part of the Banca Transilvania Financial Group and is the first alternative investment fund specialising in real estate investments authorised in Romania by the Financial Supervisory Authority. AIF Imobiliar BT Property is intended for professional investors and is established for an indefinite period.

Between January and November this year, the return obtained by the fund amounted to 7%. For us, both the return and the quality of the real estate assets in which the fund invests are important, taking into account the current ESG requirements. Clinics and hospitals, such as Amethyst Radiotherapy are differentiated by the quality of their treatments. Given the very high medical standards offered, the impact on people's lives, and the company's expansion strategy, it is a partnership we look forward to developing in the future. - declares Dan Dascăl, CEO, BT Asset Management SAI SA.

We are pleased to find in the AIF BT Property a solid partner for the financing and refinancing of our existing and future projects. This transaction is a first step in ensuring Amethyst Romania's independence and financial stability to develop its next clinics and hospitals in Romania at a fast pace. Substantial liquidity allows us to open the next locations in record time and make new acquisitions to expand Amethyst's footprint in Romania. Outsourcing our real estate portfolio to the BT Property fund allows us to focus the Amethyst Group's energy and financial resources on the area where we have proven to excel: cancer treatments, both chemotherapy and radiotherapy, at the highest standards across the European Union. - states Ciprian Casian, CEO Amethyst Romania.

Two years after its launch, FIA Imobiliar BT Property has a portfolio of premium properties in the main cities in Romania, with a leasable area of over 30,000 sqm, in the office, retail and medical categories.

We continue to see the local investors’ interest in real estate sector, so we expect the fund to grow in the coming period. We are looking at extensive capital accumulation and expansion of investments especially in retail, healthcare and education. In terms of investment coverage, we are targeting the whole country, focusing on areas with significant economic potential - adds Dan Dascăl.