Market News


ONE UNITED PROPERTIES - ONE

Conclusion of a sale-purchase agreement for One Athenee

Release Date: 9/24/2021 8:45:17 AM

IRIS Code: 43A1E

                       

To: the Bucharest Stock Exchange

       the Romanian Financial Supervisory Authority

 

CURRENT REPORT NO. 22/2021

Pursuant to Law no. 24/2017 on issuers of financial instruments and market operations and to the Romanian Financial Supervisory Authority Regulation no. 5/2018 on issuers and operations with securities, as subsequently amended and supplemented and the provisions of Article 99 of the Bucharest Stock Exchange Code, Title II, Issuers and Financial Instruments.

Report date:

24.09.2021

Name of the issuer:

One United Properties S.A.

Registered office:

20 Maxim Gorki Street, District 1, Bucharest, Romania

Registration no. with Trade Registry:

J40/21705/2007

Sole registration code:

22767862

Share Capital:

RON 286,015,588.20

Total number of shares:

1,430,077,941 ordinary shares

Symbol:

ONE

Market where securities are traded:

Bucharest Stock Exchange, Main Segment, Category Premium

Important events to report: Conclusion of a sale-purchase agreement for One Athenee

The management of One United Properties S.A. (hereinafter referred to as the "Company") informs the market about the conclusion of a sale-purchase agreement for a building located in 2 Georges Clemenceau Street, District 1, Bucharest, near the Romanian Athenaeum. The net value of the transaction is EUR 4.9 million plus VAT euros and the estimated gross development value is 21 million euros. The building will be used for a new development of the Company - One Athenee.

Being classified as a historical monument, the building will be entirely renovated by One United Properties. After the completion of the restoration process, the building will host exclusive commercial space on the ground and first floor, as well as ten high-class apartments on the floors above, overlooking the Romanian Athenaeum. One Athenee is the first project of One United Properties where the company purchased a cultural monument with a goal to protect and regenerate the cultural heritage of the centre of Bucharest.

The Company provides on the following pages the preliminary proposal of the One Athenee facade.

 

Executive Member of the Board of Directors,

Victor Capitanu

 



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