One United is one of the largest developers of high-end residential properties in Romania (office and mixed-use buildings) and is valued at over EUR500 million, meaning Dines is reportedly looking at investing EUR25 million.
One United co-founder Victor Capitanu declined to comment, while Dines was not immediately available for comment.
One United Properties was founded by Victor Capitanu and Andrei Diaconescu, two former bankers who currently own 75% of the company’s share capital. The developer is planning an IPO on the Bucharest Stock Exchange this summer.
Ahead of listing, Capitanu and Diaconescu are in talks to sell 10% of the company in private deals, as part of the listing process, seeking to reach 60% ownership.