The shareholders of One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use, and office real estate, approved several key resolutions during the General Meeting of Shareholders held on October 10th, 2024. These include approving the audited financial statements for the first six months of 2024, the payment of the first tranche of the 2024 dividend, the consolidation of the company’s shares, a new share buyback program, and the ratification of various credit facilities for ongoing developments. The quorum in both of the meeting was over 79%.
The net office take-up in Bucharest across Q2 exceeded the renewal and renegociation transactional volume for the first time during the last two years, with a positive impact on the average vacancy rate, given that no new office projects were delivered in H1, according to data from the Cushman & Wakefield Echinox real estate consultancy company.
One United Properties (BVB: ONE), Romania's leading green developer of residential, mixed-use, and office real estate, announces that its Board of Directors has approved a proposal to consolidate the number of the company's shares. The consolidation will be carried out at a ratio of 50 shares to 1. This proposal, aimed at reducing the number of shares, decreasing share price volatility, and contributing to long-term shareholder value, will be voted on by the company's shareholders at the upcoming General Meeting of Shareholders, to be held on October 10th, 2024.
Romanian entrepreneur Alin Niculae, who controls the largest independent distributor of petroleum products, bought the myhive Iride (Iride Business Park) office building in Pipera.
One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, recorded a 10% increase in the profitability of the company’s key segments, which comprise the net income from residential properties and net rental income, while consolidated revenues reached EUR 140.6 million in the first half of 2024. Gross profit stood at EUR 53.2 million, while net profit reached EUR 46 million.
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces the start of construction works for One Technology District, a project that will host the largest semiconductor R&D centre in the Southeast Europe, operated by German giant Infineon Technologies, a Frankfurt Stock Exchange-listed company and a global leader in semiconductors. One United Properties has obtained the building permit and can begin the construction of the turn-key office building, which integrates cutting-edge energy-efficient technologies.
Cushman & Wakefield Echinox is pleased to announce that four local businesses – Sciccheria, Steam, Velocita, and French Revolution – are the newest tenants within the boutique office building Arghezi 4, located in the heart of Bucharest, near University Square.
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces the contracting of a 20 million euro increase in the financing obtained in 2021 for the development of One Cotroceni Park Office Phases 1 and Phase 2. The financing banks for the increase are Banca Comercială Română S.A. and BRD Groupe Société Generale S.A. The purpose of the increase for One Cotroceni Park Office Phase 1 and Phase 2 is to reimburse shareholder loans and cover other costs related to the credit facility increase transaction.
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