ARTICLES LABELLED WITH TAG Victor Căpitanu

Romanian commercial and residential developer One United Properties has announced that its two Co-CEOs Victor Căpitanu and Andrei Diaconescu have made a combined share purchase in the company.

Shareholders of Romanian developer One United Properties have approved the increase of the company’s share capital by €70 million in a move expected to start in August and conclude by October.

Fintech start-up MetaWealth has partnered with One United Properties in a €20-million framework agreement for rental apartments. In the first phase, MetaWealth will list on its platform 31 apartments developed in One Lake District, which have a total estimated investment value of €5.5 million. The fintech said that two more assets will be listed in the following 12 months.

Romanian developer One United Properties said its residential sales and pre-sales volumes totaled €57.1 million in Q1 2024, down by around 10% year-on-year.

The two main shareholders of One United Properties, Victor Căpitanu and Andrei Diaconescu, sold shares in the company alongside minority shareholders CC Trust AG and Altius SA. 

Victor Căpitanu, Co-Founder and Co-CEO of One United Properties spoke with Property Forum at Mipim in Cannes about the company’s residential development pipeline valued north of €1 billion and Bucharest’s capacity to provide high yields for real estate investors.

Romanian developer One United Properties has purchased a 21-hectare land plot in Bucharest for an undisclosed amount. The company plans to start a new residential development that will feature around 5,000 homes.

Romanian developer One United Properties recorded a net profit of €89.6 million in 2023, up 8% year-on-year, while its turnover rose by 30% to €306.6 million over higher residential sales and rent income.

Romanian developer One United Properties said it sold and pre-sold apartments with a combined value of €274.9 million during 2023, up by 63% year-on-year.

The first Mondrian Hotel in Bucharest will be opened by Ennismore in central Bucharest following a deal with Romanian developer One United Properties.