SPEEDWELL Development, one of the leading real estate developers announces the consolidation of its management team by appointing Andreea Comșa as commercial director.
The shareholders of One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use, and office real estate, approved several key resolutions during the General Meeting of Shareholders held on October 10th, 2024. These include approving the audited financial statements for the first six months of 2024, the payment of the first tranche of the 2024 dividend, the consolidation of the company’s shares, a new share buyback program, and the ratification of various credit facilities for ongoing developments. The quorum in both of the meeting was over 79%.
Real estate consultant SVN Romania expanded its activity across borders by launching the SVN Overseas division, which offers consultancy and brokerage services for dozens of residential projects, of which about 20 exclusively for Romanian buyers. In addition, the company plans to expand in Romania through 15 new regional offices in the main regional economic centres but also in Bucharest and its surroundings.
The local real estate developer and investor River Development announces the transformation of its current brand, River Development, into SEMA Real Estate.
River Development represented the identity of the developer for more than 20 years and supported the image of a prominent player on the real estate market in Romania. The rebranding marks a new stage for the company, reflects its natural evolution and brings more clarity to defining the communication pillars of our projects in the portfolio and in strengthening the brand positioning in the market.
The Association for the Promotion of Energy Efficiency in Buildings (ROENEF) announces the launch of the "ROENEF Caravan", a project aimed at promoting energy efficiency in buildings and raising awareness among the population about the benefits of energy efficiency in housing, both economically, environmentally and health-wise.
One United Properties (BVB: ONE), Romania's leading green developer of residential, mixed-use, and office real estate, announces that its Board of Directors has approved a proposal to consolidate the number of the company's shares. The consolidation will be carried out at a ratio of 50 shares to 1. This proposal, aimed at reducing the number of shares, decreasing share price volatility, and contributing to long-term shareholder value, will be voted on by the company's shareholders at the upcoming General Meeting of Shareholders, to be held on October 10th, 2024.
One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, recorded a 10% increase in the profitability of the company’s key segments, which comprise the net income from residential properties and net rental income, while consolidated revenues reached EUR 140.6 million in the first half of 2024. Gross profit stood at EUR 53.2 million, while net profit reached EUR 46 million.
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