One United Properties announces intention to raise up to EUR 100 million in equity from investors in a share capital increase operation, which will be subject to the vote in the General Meeting of Shareholders on April 26th, 2022. The planned capital increase would be the fifth for One United Properties, which in July 2021 listed on the Main Market of the Bucharest Stock Exchange after having successfully raised EUR 52.8 million in an IPO.
“2021 was the best year in the history of the Romanian residential real estate, with a 49% increase in the number of residential units sold in Romania and a 40% increase in the number of residential units sold in Bucharest and Ilfov region. At One United Properties, the revenues from the residential segment grew above the market, and we have delivered a record-high, 36% net margin to our shareholders. We have a good opportunity this year to expand further our landbank that will help us deliver consistent returns to our stakeholders in the years to come. Therefore, we are ready to approach the market and raise fresh equity from the investors on the Bucharest Stock Exchange,” stated Victor Căpitanu, co-CEO at One United Properties.
One United Properties intends to issue up to 330,017,986 new shares in the share capital increase operation, which will be carried out in two stages. In the first stage, the existing shareholders will be provided with the preference rights based on which they will purchase newly issued ONE shares. Shares that remain unsubscribed in the first phase will be offered to other investors in the market via a private placement. After the approval in the General Meeting of Shareholders, the decision on the timing of the operation will be made by the Board of Directors.
In 2021, One United Properties recorded revenues of EUR 228 million, a 105 percent increase compared to the 2020 result, a historical milestone for the company.
