Romanian developer One United Properties has secured the building permit for One High District, a large-scale premium development with 786 apartments. The gross development value of the project is €154.2 million and delivery is estimated for the end of 2025.
Romanian developer One United Properties says it will reconvert one of the office buildings in One North Gate into residential units under the One North Lofts brand.
Romanian developer One United Properties has purchased a land plot of 36,869 sqm in northern Bucharest in a deal worth around €60 million. The company plans to develop a new residential complex with around 900 apartments.
Romanian developer One United Properties recorded revenues of 1.1 billion lei (€222 million) during 2021, up 105% year-on-year, while the gross profit expanded almost two-fold to 603.5 million lei (€122 million) over higher residential sales and increased rental income.
Meta Estate Trust, the Romanian property investment holding, has appointed Raluca Drăgan as Chief Financial Officer (CFO). She has more than 17 years’ worth of experience in the financial sector, and she has previously held the CFO position at One United Properties.
Romanian developer One United Properties has been added to the Bucharest Exchange Trading (BET) index, which tracks the most liquid companies listed on the Bucharest Stock Exchange (BVB).
Romanian developer One United Properties will distribute 32.5 million lei (around €6.5 million) in cash dividends, while its share capital will be increased by up to 288.8 million lei (€58.4 million), according to a voted of shareholders.
Romanian developer One United Properties recorded a turnover of 434 million lei (€88.1 million) and a net profit of 147.5 million lei (€29.9 million) in the first semester over improved revenue from the development and sale of residential properties.
A new tenant has moved into the Eximius Park office complex near Kraków. GoE Wellness is a British healthy lifestyle start-up that is expanding its operations in Europe. The company's new office has an area of approximately 900 sqm and is located in building 200.
Galeria Jurajska is strengthening its offer. Three new tenants - fashion brands Quiosque and Lovisa and patisserie Lody Czewskie - will soon appear in the Częstochowa shopping centre.
Retail Park Dzierżoniów (Poland) is expanding its fashion offer with a New Yorker brand shop. The new tenant will occupy an area of over 1,300 sqm.
New appointments
CPI Property Group is expanding its retail leasing department. Dariusz Kafara has been appointed as the new Leasing Manager. At the Warsaw branch of the company, Dariusz is responsible for maintaining the maximum level of commercialisation in two retail park chains from the group's portfolio - CityMarket and STOP SHOP.
Brian Nyeng Olesen, formerly head of commercial at the Salling Group, has been appointed as the new managing director of Netto Polska. The position was previously held by Hugo Mesquita.
M Core appoints Magdalena Kowalewska as the new Chief Operating Officer at LCP Properties, Poland. This comes at the same time that Krystian Modrzejewski has accepted a post as the Group Head of Expansion for Poland, where he will be responsible for realising the opportunity for land and asset acquisition in aid of portfolio growth. LCP Properties Poland is part of the M Core group, which brings together family-owned companies that invest in and manage real estate. It comprises LCP, Proudreed, Sheet Anchor, GIPAM and Evolve Estates.
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