BUCHAREST, Romania, April 18,
2024 /PRNewswire/ -- One United Properties, the
leading green investor and developer of residential, mixed-use and
office real estate in Romania, has
launched ONE 2030, a transformative strategy to reshape
Bucharest's real estate market and
showcase the city as a market of choice for international
investors.
ONE 2030 targets a tripling of One United Properties'
residential operations, continued expansion of the group's
commercial operations and will see it establish its hospitality
division with global lifestyle brand hotels in Bucharest.
ONE 2030 strategy at a glance
- 11,000 residential units completed
- Secure landbank for a further 20,000 residential
units, the majority of which will be under development or in
planning under premium and affordable premium sub
segments
- 275,000sqm gross leasing area of office and retail space
- Future expansion of the office and retail division will respond
to specific demand
- Development of six hotels in partnership with global lifestyle
hospitality brands – Mondrian Bucharest already signed and The Hoxton
under exclusive negotiations, with three hotels targeted to
be operational by 2030 and three under development
Residential division
The ONE 2030 strategy addresses the increasing demand in
Bucharest for quality residential
housing, which is being driven by changing urban dynamics within
the city such as the rise in dual income households and residents'
value of convenience and access to urban amenities.
One United Properties plans to expand beyond its current
residential segment focus of luxury, premium, and high-end
developments and will accelerate the development of affordable
premium residential which targets Bucharest's middle class. It has land under
negotiation for a further 10,000 residential units exclusively for
this sub-segment, with the first memorandum of understanding for a
21 hectares plot of land that will host 5,000 units being already
signed.
Commercial division
Under the ONE 2030 strategy, One United Properties will focus
its commercial division on developing fully customisable office
spaces that cater to its partners' needs and are agreed on a
long-term basis. The company will also drive demand from
environmentally conscious tenants through using geothermal and
solar energy to create new sustainability standards in office
development.
Hospitality division
One United Properties announced its intention to enter the
Bucharest hospitality market in
March 2024 through a partnership with
global lifestyle hotel group Ennismore to open the first Mondrian
hotel in the CEE region. One United Properties is also in exclusive
negotiations to bring The Hoxton to Bucharest.
This move follows Romania's
inclusion in the Schengen Area and leverages Bucharest's growing popularity amongst both
tourists and multinational corporations to expand their presence in
CEE. One United Properties will revitalise Bucharest's neglected historic buildings to
bring globally recognised luxury and lifestyle hotel and food &
beverage brands to the city.
By 2030, One United Properties aims to have six hotels across
Bucharest, with half of these
being in operation by the end of the decade.
Increased liquidity and reinvestment to support ONE
2030
In April 2024, significant
shareholders of One United Properties, including co-founders
Andrei Diaconescu and Victor Capitanu, sold a proportion of their
respective shareholdings in the company to institutional investors.
Following the transaction, Diaconescu and Capitanu jointly own
50.03% of the business.
This strategic sale increases the company's liquidity,
strengthens One United Properties' shareholder base and bolsters
governance by increasing institutional investor ownership of the
business. The majority of the proceeds from the sale will be
reinvested into the company through the next share capital
increase, supporting the continued development and expansion in
line with One United Properties' ONE 2030 strategy.
Victor Capitanu, Co-founder of
One United Properties, commented: "ONE 2030 is not just a
vision; it's our commitment to redefine Bucharest's real estate landscape and position
the city, and Romania, as an
enticing investment opportunity.
Through our strategic blueprint, we are not only expanding our
residential and commercial segments but also pioneering
sustainability and innovation in every aspect of development. With
a relentless focus on quality, technology, and sustainability,
we're shaping a future where Bucharest stands tall as a premier destination
for international investors and a thriving hub for luxury
living."
ONE UNITED PROPERTIES (BVB: ONE) is
the leading green investor and developer of residential, mixed-use,
and commercial real estate in Bucharest,
Romania. One United Properties is an innovative company
dedicated to accelerating the adoption of construction practices
for safe, energy-efficient, sustainable, and healthy buildings, and
has received numerous awards and recognitions for its superior
sustainability, energy efficiency, and wellness. The company is
publicly traded on the Bucharest Stock Exchange, and its shares are
included in multiple indices such as BET, STOXX, MSCI, FTSE, ROTX
and CEEplus.
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