“The decision to buy the majority stake in Bucur Obor is in line with One United Properties strategy to boost the weight of rental activity profits in a durable manner,” stated Victor Capitanu, co-CEO of One United Properties.
One United Properties indirectly bought the majority stake in Bucur Obor via BO Retail Invest SRL company.
Bucur Obor is a shopping center of Bucharest opened in 1975. Today, it hosts stores of all sizes, from family businesses to established international brands. The company was listed on the Bucharest Stock Exchange in July 1997 and is now listed on the AeRO market, with a bourse capitalization of RON289 million.
In 2020, it registered RON31.6 million turnover and net profit of RON10.2 million.
One United Properties is the biggest Romanian-held real estate company listed on the main market of the Bucharest Stock Exchange. The company’s stock debuted on the Bucharest Stock Exchange in July 2021.
(English version by Catalina Apostoiu)