Meta Estate Trust, a holding – type company that focuses on investments in the local residential sector, announces the appointment of Raluca Dragan as Chief Financial Officer (CFO) of the holding. Raluca Dragan’s financial and real estate experience will contribute to the accelerated development and to the achievement of the objectives established by Meta Estate Trust.
“I first met Raluca when she was researching the Meta concept, before she decided to become a shareholder. Given her previously acquired skills and exposure to accelerated growth processes, having Raluca as CFO is an important gain for us. Her contribution to the development of the company , both on the real estate market and on the Romanian capital market, will be very important.”, stated Eugen Voicu, co-founder of Meta Estate Trust.
Raluca Dragan has been active in the financial sector for over 17 years. Before joining Meta Estate, Raluca was CFO at One United Properties and she previously worked during 14 years at Ernst & Young, one of the world’s largest financial consulting and auditing companies. Raluca graduated from the Academy of Economic Studies in Bucharest with a bachelor’s degree and a master’s degree in finance and banking. She is a member of the Association of Certified Accountants (ACCA) and a member of the Romanian Chamber of Financial Auditors (CAFR).
“I am delighted to be a part of the Meta Estate Trust team because I strongly believe in this project that brings forth a unique business model in Romania. I first joined the company as a shareholder and then I accepted the challenge of actively contributing to its development alongside the other members of the management team. I consider that Meta Estate has a very high development potential and I intend to contribute in achieving the goals we have set “, said Raluca Dragan, CFO Meta Estate Trust.
Meta Estate Trust has a holding- like structure that combines the advantages of real estate investments with those of capital markets by creating a financial and operational instrument by which any investor can access the returns offered by the real estate market, regardless of the available capital. The objective of the Meta Estate Trust management team is to reach a targeted return projected as an annual average of approximately 15% in the first years.
On September 27th, 2021, the company approved a 35.9 million lei capital increase. This amount is to be raised from the interested investors through a private placement estimated to take place in the second half of November. The investors who will participate in the private placement will benefit from a 10% allocation in preferential shares bearing a preferential dividend. In April 2022, Meta Estate Trust aims to be listed on the AeRO market.
Meta Estate Trust is managed by the five initiators of the project: Eugen Voicu – through Certinvest Management Solutions, Ionuț Nicolescu – president of SVN Romania, Adrian Stanciu – founding member of Erudio and Ascendis Consulting, Delta Studio – through entrepreneurs Dragoș Bonea and Alex Bonea and Cosmin Mizof, with the support of an Advisory Board consisting of five shareholders: Ilinca Von Derenthall, Marian Alecu, Andreea Păun, Marius Scuta and Viorel Nica.