One United Properties, a major residential, mixed-use, and office real estate developer in Romania, has announced plans to list its shares on the Main Market of the Bucharest stock exchange.
The intermediary of the offer is BRK Financial Group, while Swiss Capital will be part of the distribution group.
The company, which was founded by Victor Capitanu and Andrei Diaconescu, who currently own 75% of the shares, is looking to raise the funds in order to finance its development pipeline. The IPO is expected to value the group at €500 mln.
‘Our plans to grow the company continue through the contemplated listing on the stock exchange, which will bring our company on a 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,’ said Victor Capitanu, co-founder of One United Properties.
With roughly €1 bn of assets, the firm is behind a number of flagship projects in Bucharest including One Floreasca City, which was recognized as Best Sustainable Residential Development at the International Property Awards 2019-2020; or One Cotroceni Park a major urban regeneration project currently under development in Bucharest.
