One United Properties raises Eur 51.5 million for development

by   CIJ News iDesk V
2022-08-04   06:34

One United Properties announces the closing of the share capital increase operation on August 3rd, raising Eur 51.5 million. The process consisted of two stages – first, where existing shareholders subscribed based on preference rights, and second, with new investors participating in a private placement. The final price per share for both stages was established at Ron 1.25.

“We are thrilled about the result of the share capital increase – the largest ever share capital increase of a listed issuer, which we successfully completed in a very challenging global context, at a pricing that is attractive both to new investors as well as to the company. We thank all our existing and new shareholders for their trust in our development plans. Our strategy for the next 12 months remains ambitious, as we target eight new transactions. These new deals will fuel our development pipeline for the next six to eight years. The Romanian real estate development sector, still significantly underdeveloped compared with European peers, continues to present excellent perspectives for the years to come, and we are now in the pole position to maximize the returns to our shareholders in the years to come,” stated Victor Căpitanu, co-CEO at One United Properties.