Romania's One United in 20 mln euro deal with MetaWealth

The asset, which was listed on the MetaWealth platform on May 7, comprises 31 apartments in the One Lake District residential project, with an estimated total investment value of 5.5 million euro, the fintech company said in a press release on Tuesday.

MetaWealth plans to hold the apartments for long-term rental, expecting them to generate a profit of 36% over the following eighteen months.

One United Properties will list two more assets on the real-estate tokenization platform in the next twelve months.

"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,” One United Properties co-founder and co-CEO Victor Capitanu said.

MetaWealth employs over thirty engineers, real-estate experts, and business personnel, besides the core team of co-founders and advisors, at its offices in Dublin, Zurich, and Bucharest.

Established in 2009, One United Properties is a developer of residential, commercial and office real estate. In 2023, the company booked a net profit of almost 443.2 million lei ($95.6 million/89.1 million euro), down by an annual 12%.

Blue-chip One United's shares traded 0.11% higher at 0.879 lei as at 1642 CET on Thursday on the BVB.

(1 euro=4.9727 lei)