Member News: One United Properties to list at Bucharest Stock Exchange

Member News: One United Properties to list at Bucharest Stock Exchange 900 600 BUCHAREST REAL ESTATE CLUB

One United Properties, one of the leading developers of residential, mixed-use, and office real estate in Bucharest, announces its intention to become listed on the Main Market of the Bucharest Stock Exchange, approved in the Extraordinary General Meeting of Shareholders which took place on April 19th.

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, while the rest of the other five members are non-executive. The two founders will continue to lead the company after its listing at the Bucharest Stock Exchange.

“Since the very first projects developed under the brand One, we have set out to continuously innovate in the construction of energy-efficient and sustainable buildings and we have focused our efforts on redefining the concept of urban living to Western standards. Our plans to grow the company continue through the contemplated listing on the stock exchange, which will bring our company to the next level along with our long-term strategy, diversify the options available for accessing capital for our innovative real estate projects, allow a new category of investors to join us, and increase liquidity for the company’s shareholders”, says Victor Căpitanu, co-founder of One United Properties.

The two founders have invested in real estate since 2000 and developed the first residential building in 2006. Starting with 2013 they have expanded real estate projects under the brand One, turning it into the leader of the high-end residential market in Romania, with multiple awards for architecture, design, development and sustainability.


MEMBER NEWS: IMMOFINANZ signs 25-year rental contract for 11,000 sqm in Bucharest

MEMBER NEWS: IMMOFINANZ signs 25-year rental contract for 11,000 sqm in Bucharest 1200 600 BUCHAREST REAL ESTATE CLUB

IMMOFINANZ has concluded a long-term rental contract for roughly 11,000 sqm with the Provita Group, one of the leading medical center providers in Romania. Provita will occupy the entire space in the Iride eighteen, a recently modernized building in the Iride Park, where it plans to open a multi-disciplinary hospital. The rental contract covers a term of 25 years.

“Our Iride Park, one of the largest office hubs in Bucharest, has already gained an excellent reputation with a wide variety of services for tenants and neighborhood residents. The partnership with Provita will expand the current offering to also include a high-quality medical hub, which will increase the location’s attractiveness over the long-term “, explained Dietmar Reindl, COO of IMMOFINANZ. 

The new hospital will have a capacity of 110 beds and seven operating rooms. The opening is expected to take place in the first quarter of 2022 after the necessary adaptations have been completed. The Iride Park, which is located in the north of Bucharest on Dimitrie Pompeiu Boulevard, is only eight kilometers from Otopeni International Airport. It is easy to reach with public transportation and offers extensive parking, restaurants, shops and health clubs.

IMMOFINANZ has been invested in Romania for more than 17 years. The Romanian property portfolio had a carrying amount of EUR 757.3 million as of 30 September 2020, which represents 15.3% of the total portfolio. The 13 standing investments have roughly 334,000 sqm of rentable space, and the occupancy rate equals 93.6%. The largest properties include the two office buildings in Bucharest, the myhive S Park and myhive Metroffice, as well as the VIVO! Cluj and VIVO! Constanta shopping centers.