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Romania's One United Properties delivers 54.3 mln euro residential complex in Bucharest

Romania's One United Properties delivers 54.3 mln euro residential complex in Bucharest One Herastrau Towers Source: One United Properties

BUCHAREST (Romania), January 13 (SeeNews) - Romanian real estate developer One United Properties [BSE:ONE] said on Thursday it has delivered a residential complex in northern Bucharest with a gross development value of 54.3 million euro ($62 million).

One Herastrau Towers has a total gross building area of 33,007 sq m,139 residential units as well as 26 commercial and office spaces, One United Properties said on Thursday in a statement filed with the Bucharest Stock Exchange, BVB.

The project is 90% sold.

One United Properties was founded in 2007 by Romanian entrepreneurs Victor Capitanu and Andrei Diaconescu.

The company said on Tuesday that it is targeting 549 million lei ($126 million/111 million euro) net profit for 2022 and plans to make investments worth over 1.16 billion lei.

One Unuted posted a turnover of 627.7 million lei and a gross profit of 239.3 million lei in the nine months through September, its latest financial report showed.

Blue-chip One United shares were changing hands 0.83% higher at 1.46 lei as at 1016CET on Thursday.

(1 euro=4.9445 lei)

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