The real estate developer One United Properties will be listed on the Main Market of the Bucharest Stock Exchange (BVB) following the approval on Monday from the Extraordinary General Shareholders Meeting, according to a press release.
One United Properties is considering listing on the BVB through an initial public offering. The IPO intermediary is BRK Financial Group, while Swiss Capital will be part of the distribution group, according to the quoted release.
One United Properties was founded by Victor Căpitanu and Andrei Diaconescu, who currently own 75% of the company’s shares and are the only executive members of the board of directors, the other five members being non-executive. The two founders will remain at the helm of the company even after its listing on BVB.
One United develops premium real estate projects both in the residential and office segments.
“Our plans to grow the company continue, and by listing on the stock exchange, which will take the company to the next level in our long-term strategy, will diversify the options available for accessing capital for our innovative real estate projects; it will allow a new category of investors to join us and it will increase liquidity for the company’s shareholders “, says Victor Căpitanu, co-founder of One United Properties.
The two founders have been investing in real estate since 2000 and have developed the first residential building in 2006, then in 2013, they expanded their real estate projects under the One brand.
Among the most well-known projects of the company in Bucharest are One Floreasca City, a project awarded with ” The Best Sustainable Residential Development” award at the International Property Awards 2019-2020, and One Cotroceni Park – an urban regeneration project.
A premiere is also the One Peninsula project, which the company is developing in the Floreasca neighborhood, the only residential club in Bucharest with an air conditioning system with heat pumps using a geothermal source.
Other projects of the company are One Herăstrău Park, One Charles de Gaulle, One Herăstrău Plaza, One Verdi Park or One Herăstrău Towers. All One United Properties residential projects are “Green Homes” certified by the Romania Green Building Council, and the company’s entire office portfolio is being certified by WELL Health and Safety, a certification focused on employees’ wellbeing at work.
Translated from Romanian by Service For Life S.R.L.