One United Properties announced a capital increase of up to €70m. The capital increase was approved at a €380m pre-money valuation and up to €450m post-money valuation.
“The new capital structure of the company allows us to consolidate real estate development projects and accelerate growth. Based on it, we will be able to reach a share capital of up to €100m and net book equity of over €200m. This capital increase will ensure growth in the implementation of the company’s vision to deliver sustainable landmark buildings, but also will allow us to upgrade from developer to investor and developer,” said Victor Capitanu, co-founder and co-owner of One United Properties.
One United Properties has also appointed two new directors to its board: Marius Diaconu, the founder and CEO of Altius, and Claudio Cisullo, founder and president of CC TrustGroup AG.
