A Romanian registered company established in 1991. It owns and operates a portfolio of 146 high street retail spaces situated in 38 locations, in Bucharest:
HIGH STREET RETAIL PORTOFOLIO
The high street retail spaces are located both in central areas, as well as in peripheral areas of the city. Consequently, the assets’ visibility and exposure (i.e. the number of people who see a certain real estate development on a daily basis) differ greatly depending on their direct frontage at a busy avenue with high traffic, or lack thereof.
The properties which are located in prime locations, on large boulevards, with a high footfall (i.e. Victoriei Road, Gheorghe Sincai Boulevard, Pantelimon Road, Camil Ressu Boulevard, Constantin Brancoveanu Boulevard, Giurgiului Road, Alexandriei Road, Iuliu Maniu Boulevard etc.), benefit from very good visibility and exposure. At the opposite end of the spectrum there are the spaces situated in locations with low footfall (e.g. Crangasi Road, Vacaresti Road, 13 Septembrie Road etc.), or on the backside of apartment blocks.
Most of the spaces (i.e. 130 spaces) are leased out to various tenants (e.g. banks, pharmacies, telecom operators, FMCG, betting and gambling, fashion etc.). About 60% of these have a strong brand, while the rest are just small local businesses.
The real estate portfolio of Meteor includes a 700 sqm land plot located within the built-up area of District 5, Bucharest, Romania, on Teius Street no. 84.