Ziarul Financiar conducted an interview with Victor Căpitanu, co-founder and co-CEO of One United Properties, about the already announced share capital increase operation.
From Monday, June 27, 2022, and until July 26, 2022, so for a month, investors can subscribe to the largest capital increase in the history of the Bucharest Stock Exchange for a Romanian entrepreneurial company: 330 million new shares issued for a maximum price of 1.42 lei per share, so about 470 million lei, for the real estate developer One United Properties (ONE).
"The proposal to increase the share capital came in the context in which we see numerous acquisition opportunities, especially in Bucharest, which will contribute to ensuring the development flow for the next seven years. We have always maintained a solid cash position which, in the last year, has been consistently maintained at over EUR 100 million, despite continued investment in development as well as acquisitions. Our plan is to use this available cash to fund the construction of ongoing projects - these include six residential developments to be built by the end of 2023, as well as other projects currently under authorization, or for various acquisitions in advantageous conditions for the company's shareholders",
Victor Căpitanu told Ziarul Financiar.
The co-founder of One United Properties also stated that the development plans continue to focus on Bucharest, a city with significant development potential, and approximately 90% of the attracted capital will be directed to the development of residential projects, while the rest will aim at building commercial and office spaces.
The complete interview here.