One United Properties announces up to EUR 70 million capital increase
One United Properties, the most active real estate developer of landmark residential, mixed-use and office projects, announces a capital increase of up to EUR 70 million. Following the General Meeting of Shareholders on Monday, September 28th , the capital increase was approved at a EUR 380 million pre-money valuation and up to EUR 450 million post-money valuation.
The new capital structure of the company allows us to consolidate real estate development projects and accelerate growth. Based on it, we will be able to reach a share capital of up to EUR 100 million and net book equity of over EUR 200 million. This capital increase will ensure growth in the implementation of the company’s vision to deliver sustainable landmark buildings, but also will allow us to upgrade from developer to investor and developer”, says Victor Capitanu, co-founder and co-owner of One United Properties.
During the same General Meeting of Shareholders, One United Properties has appointed two new directors on the Board of Directors. Mr. Marius Diaconu is the founder and CEO of Altius, a player in the field of veterinary medicine, but also an active investor with over 20-year experience in areas such as real estate, IT, agriculture, entertainment, in Europe as well as Asia and the United States. Mr. Claudio Cisullo is a serial entrepreneur and investor, founder and President of CC TrustGroup AG, a Swiss family business involved in investment, growth and business management since 1997, with a current portfolio of 14 companies and equity investments in fields such as biotechnology, goods, leisure, pharmaceuticals, professional services sectors, property and technology.
ONE UNITED PROPERTIES is one of the largest and most successful high-end residential, office and mixed-use developers in Romania, with gross development value of more than EUR 1.1 Bn and an active project pipeline comprising over 2,000 design residential units. One United Properties is an innovative company dedicated to accelerating the adoption of construction practices for energy- efficient, sustainable, and healthy buildings. All the company’s buildings have superior certifications of sustainability, energy efficiency and wellness, and the developer is awarded at numerous galas and conferences in the field. One United Properties is the first real estate developer in Romania to be internationally awarded, being the recipient of the “Best Sustainable Residential Development” in the world at International Property Awards 2019-2020.