Key Takeaways
- • BT Property Real Estate AIF acquires Record Park, a Grade A office complex in Cluj-Napoca from AYA Properties Fund (Belgium), expanding the fund's exposure to the prime office segment with approximately 15,000 sq m of high-end office space.
- • Record Park delivers full occupancy since completion in 2020, featuring 15,000 sq m of leased office space to international companies, plus integrated amenities including fitness facilities, restaurant, co-working spaces, and 200+ underground parking spaces.
- • BT Property's portfolio now totals approximately 43,000 sq m across retail, office, and healthcare segments, with the fund managing approximately EUR 79 million in assets and delivering cumulative returns exceeding 55% since its 2021 launch.
- • Management transition strengthens fund positioning: INNO Investments SAI SA, formerly OTP Asset Management Romania and now part of Banca Transilvania Group following the acquisition of OTP Bank România, took over fund management from BT Asset Management in October 2025.
Summary
BT Property Real Estate AIF, an alternative investment fund launched in 2021 and managed by INNO Investments SAI SA (a Banca Transilvania Financial Group entity), has completed the acquisition of Record Park from Belgium-based AYA Properties Fund. The transaction represents a strategic expansion of the fund's presence in Romania's prime office market and reinforces INNO Investments' platform for managing alternative real estate assets.
Record Park is a Grade A office complex located in Cluj-Napoca, Romania's northwestern commercial hub. The property encompasses approximately 15,000 square meters of premium office space currently leased to international companies. Developed in 2020 on a former industrial site, the mixed-use scheme integrates comprehensive amenities including a fitness center and swimming pool, restaurant, co-working spaces, and an underground car park offering over 200 parking spaces. Since its completion, the property has maintained full occupancy, demonstrating robust market demand and operational stability.
The acquisition enhances BT Property's diversified real estate platform. Prior to this transaction, the fund's portfolio comprised properties across retail, office, and healthcare segments totaling approximately 28,000 square meters. With Record Park now included, the fund's total lettable area reaches approximately 43,000 square meters. BT Property currently manages approximately EUR 79 million in assets under management and has delivered cumulative returns exceeding 55% since its 2021 inception.
The transaction reflects a recent strategic shift in fund governance. Until 2025, BT Property was managed by BT Asset Management. In October 2025, management responsibility transferred to INNO Investments, the former OTP Asset Management Romania SAI SA, which integrated into the Banca Transilvania Group following the acquisition of OTP Bank România and its subsidiaries. INNO Investments specializes in managing alternative investment funds and has positioned Record Park as a flagship asset within its expanding office segment exposure.
Record Park is a Grade A office complex located in Cluj-Napoca, Romania's northwestern commercial hub. The property encompasses approximately 15,000 square meters of premium office space currently leased to international companies. Developed in 2020 on a former industrial site, the mixed-use scheme integrates comprehensive amenities including a fitness center and swimming pool, restaurant, co-working spaces, and an underground car park offering over 200 parking spaces. Since its completion, the property has maintained full occupancy, demonstrating robust market demand and operational stability.
The acquisition enhances BT Property's diversified real estate platform. Prior to this transaction, the fund's portfolio comprised properties across retail, office, and healthcare segments totaling approximately 28,000 square meters. With Record Park now included, the fund's total lettable area reaches approximately 43,000 square meters. BT Property currently manages approximately EUR 79 million in assets under management and has delivered cumulative returns exceeding 55% since its 2021 inception.
The transaction reflects a recent strategic shift in fund governance. Until 2025, BT Property was managed by BT Asset Management. In October 2025, management responsibility transferred to INNO Investments, the former OTP Asset Management Romania SAI SA, which integrated into the Banca Transilvania Group following the acquisition of OTP Bank România and its subsidiaries. INNO Investments specializes in managing alternative investment funds and has positioned Record Park as a flagship asset within its expanding office segment exposure.
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