Real estate alternative investment fund BT Property 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 sq m of lettable area and BREEAM-certified buildings, in line with international standards.

The BT Property real estate AIF, managed by BT Asset Management SAI SA, part of the Banca Transilvania Financial Group, is intended for professional investors and is open-ended. The fund was launched in 2022 and currently has assets of EUR 32 million. Its portfolio comprises prime properties in Romania, with a lettable area of over 40,000 sq m. It is the first alternative investment fund specialized in real estate investments authorized in Romania by the Financial Supervisory Authority.