Fintech company MetaWealth has joined forces with Romanian real estate developer One United Properties on a €20 mln deal.
This partnership allows MetaWealth investors to invest in high-quality rental apartments developed by One United Properties.
MetaWealth will be adding three new properties to its platform. The first offering is a collection of 31 apartments in the prestigious One Lake District project. MetaWealth anticipates this €5.5 mln investment to generate a 36% return within 18 months through long-term rentals.
One Lake District is an exclusive residential complex on the shore of Plumbuita Lake in Bucharest, offering modern apartments, amazing views, a lakefront location, sustainable principles, innovative design, and a range of integrated services.
Michael Topolinski, MetaWealth co-founder and Chairman, said: ‘This is a milestone agreement for the Real Estate market in Romania, which validates the tokenization model that MetaWealth has been successfully implementing for more than a year now, in some of the most lucrative Real Estate markets in Europe.’
Richard McLaughlin-Duane, MetaWealth co-founder and managing director, Assets & Partnerships, added: “MetaWealth gives local developers a global stage for showcasing their assets and provides individual investors from all over the world access to otherwise unreachable opportunities in profitable real estate markets. We are excited to have One United Properties on board in our mission to revolutionize real estate investment.’
Victor Capitanu, co-founder and co-CEO One United Properties, commented: ‘As part of our development strategy, we are embracing emerging technologies to further diversify our pool of buyers and investors. MetaWealth is a dynamic fintech that has managed to build an impressive reach and investor base around the world in only a year, and we are confident that our partnership will give us a competitive edge in an increasingly global digital market.’
With a presence in Bucharest, Marbella, and Dublin (and soon London), MetaWealth connects real estate developers with international investors. Since launching last March, their innovative platform has facilitated over US$ 13 mln (€12 mln) in tokenized real estate sales.
