“The upside of Bucharest is that one can still build in very good locations and that will continue for 15 years at most,” Cisullo said.
Many are trying to sell plots to One United Properties and the developer is now reviewing opportunities and analyzing other areas in Romania that match its strategy. The potential in Bucharest is high and the goal is to change the city, the official added.
Swiss Claudio Cisullo is the founder and chairman of CC Trust Group AG, a family business with international operations and investments in biotechnology, commodities, leisure, pharmaceuticals, professional services, real estate and technology. He has more than 30 years of experience in corporate finance, M&A, venture capital and private equity and has been an active investor on the residential and commercial property market for a number of years now.
Cisullo is also the third largest investor in One United Properties (6.24%) besides founders Victor Capitanu and Andrei Diaconescu.
(English version by Loredana Fratila-Cristescu)