Real estate developer One United Properties got €50 million in fresh funding for residential projects through a private placement of a senior secured debt note carried out by CC@ONE Properties Invest AG.
The offering was subscribed by 22 Swiss and international investors and the long-term target of CC@ONE Properties Invest is to gradually raise up to €500 million in the upcoming years.
“This is the ultimate confirmation of trust in the abilities of One United Properties and in our newly established investment firm, which provides direct access to a dynamically growing European market as well as a sustainable investment opportunity in real, premium assets,” says Claudio Cisullo, Chairman of the Board of Directors of CC@One Properties Invest and Chairman of the Board of Directors of One United Properties.
CC@One Properties Invest is controlled by CC Trust AG, a company jointly owned by Cisullo and One United Properties.
One United Properties is preparing to go public later this year. The company has a development pipeline of residential, office and mixed-use project.
