Key Takeaways
- • BT Property Real Estate AIF, managed by INNO Investments SAI SA (Banca Transilvania Financial Group), has acquired Record Park office complex from AYA Properties Fund (Belgium), strengthening its position in Romania's prime office segment.
- • Record Park is a Grade A office asset in Cluj-Napoca comprising approximately 15,000 sq m of high-end office space with 100% occupancy since completion in 2020, featuring integrated amenities including fitness centre, pool, restaurant, co-working spaces, and 200+ underground parking spaces.
- • The acquisition expands BT Property's total portfolio to 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 completed in October 2025 when INNO Investments (formerly OTP Asset Management Romania, acquired by Banca Transilvania Group) assumed control from BT Asset Management, signaling strategic repositioning toward alternative investment fund specialization.
Summary
BT Property Real Estate AIF, an alternative investment fund targeting professional investors within the Banca Transilvania Financial Group ecosystem, has completed the acquisition of Record Park, a premium office complex located in Cluj-Napoca, from Belgium-based AYA Properties Fund. The transaction reinforces BT Property's strategic focus on high-quality real estate assets across multiple segments, with particular emphasis on the prime office market where institutional capital demand remains robust.
Record Park represents a cornerstone asset within BT Property's expanded portfolio. The Grade A office complex encompasses approximately 15,000 square meters of high-end office space leased to international tenants, complemented by a comprehensive amenities package including fitness facilities, swimming pool, restaurant services, collaborative workspaces, and over 200 underground parking spaces. Completed in 2020, the property exemplifies urban regeneration, transforming a former industrial site into a contemporary mixed-use development. The asset has maintained full occupancy since completion, indicating strong market demand and effective tenant retention.
The acquisition reflects a broader portfolio consolidation strategy. BT Property's total holdings now encompass approximately 43,000 square meters of lettable area across retail, office, and healthcare segments. The fund manages approximately EUR 79 million in assets under management and has delivered cumulative returns exceeding 55% since its establishment in 2021. This performance trajectory suggests disciplined asset selection and effective value creation across the portfolio lifecycle.
Recent management changes strengthen the fund's operational framework. Following the Banca Transilvania Group's acquisition of OTP Bank România and related subsidiaries, INNO Investments—the renamed successor to OTP Asset Management Romania—assumed management responsibility in October 2025, replacing BT Asset Management. INNO Investments specializes in alternative investment fund management, positioning BT Property within a more focused institutional investment governance structure aligned with professional investor requirements and fiduciary standards.
Record Park represents a cornerstone asset within BT Property's expanded portfolio. The Grade A office complex encompasses approximately 15,000 square meters of high-end office space leased to international tenants, complemented by a comprehensive amenities package including fitness facilities, swimming pool, restaurant services, collaborative workspaces, and over 200 underground parking spaces. Completed in 2020, the property exemplifies urban regeneration, transforming a former industrial site into a contemporary mixed-use development. The asset has maintained full occupancy since completion, indicating strong market demand and effective tenant retention.
The acquisition reflects a broader portfolio consolidation strategy. BT Property's total holdings now encompass approximately 43,000 square meters of lettable area across retail, office, and healthcare segments. The fund manages approximately EUR 79 million in assets under management and has delivered cumulative returns exceeding 55% since its establishment in 2021. This performance trajectory suggests disciplined asset selection and effective value creation across the portfolio lifecycle.
Recent management changes strengthen the fund's operational framework. Following the Banca Transilvania Group's acquisition of OTP Bank România and related subsidiaries, INNO Investments—the renamed successor to OTP Asset Management Romania—assumed management responsibility in October 2025, replacing BT Asset Management. INNO Investments specializes in alternative investment fund management, positioning BT Property within a more focused institutional investment governance structure aligned with professional investor requirements and fiduciary standards.
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