Zesting Up One United Properties: A Green Giant's 2025 Ambitions
Real Estate Company One United Properties Sets Sight on Annual Revenue of €309.8 Million and Profit of €78.7 Million by 2025
Get ready, folks! One United Properties (BVB: ONE), Romania's premier eco-conscious real estate developer, is revving up for a year of significant milestones, aiming to bring in a whopping €309.8 million turnover by 2025. And it's the fifth straight year they're poised to surpass the €200 million (RON 1 billion) mark — talk about consistency!
Operations whirring with vigor, One United Properties is banking on a robust residential sales market and continued expansion of its commercial leasing portfolio to drive a projected €108.7 million in result from operating activity, marking a 12% hike. Gross profit's expected to hit €92.8 million, up by 7%, with profits forecasted to grow by 5% to €78.7 million.
Victor Căpitanu, the half-pint CEO of One United Properties, had this to say: "Our commitment to excelling, despite market tempests, remains unwavering. 2025? It's gonna be our year, not just for breezing past 200 million euros, but for gloriously reaffirming yet again that our success is rooted in sustainability. Through thick and thin, we've managed to stay bold, steadfast, and growing. This year, though, we're honing in on operational aspects to improve our profitability. This year, folks, we're prepping for our largest year of residential deliveries yet, finalizing One Gallery, and powering toward full lease-up across our office portfolio."
Residential revenues are projected to soar by 14%, reaching €260.8 million, thanks to the delivery of 2,300 residential units in '25. Pre-sales? Batting a thousand! With 74% of available units already sold as of December 31, 2024, and 1,572 units up for grabs, the sales forecast looks rosy.
As for rental income and revenues from tenant services, they're expecting a 19% increase, amounting to €36.1 million, fueled by an expanding office and retail footprint and high occupancy levels. The company's commercial portfolio? A whopping 96% leased as of December 31, 2024. In '25, One United Properties intends to fully lease out the remaining leasable area at One Cotroceni Park Office Phase 1 and 2, achieving 100% occupancy across the standing office portfolio. And One Gallery, slated for delivery in 2025, is already 76% pre-leased, reinforcing the company's long-term rental income base.
"2025? Our busiest year for deliveries ever. With over €1.5 billion worth of developments currently under construction, our portfolio continues to expand. Though we're growing like a weed, we keep our financial structure lean and mean, ensuring long-term stability," Andrei Diaconescu, the other half of One United Properties' dynamic duo, shared. As of the end of 2024, the loan-to-value ratio remained stable at 27%, considerably lower than the European benchmark for public real estate developers of 39%, evidence of their prudent approach to our debt.
But 2025's not just about the money, y'all. Macroeconomic conditions, like interest rate movements and financing availability, will shape the company's financial strategy. One United Properties intends to tackle the potential impacts head-on by focusing on effective capital management and cost optimization, particularly at the headquarters level, to maintain profitability.
Excited about the 2025 budget? You should be! It's subject to approval by One United Properties' General Meeting of Shareholders, scheduled for April 29, 2025.
One United Properties (BVB: ONE) — the greenheart of Bucharest, Romania — is a pioneering company that's all about fostering construction practices for safe, energy-efficient, sustainable, and healthy buildings. They've received numerous awards for their green gots and have share listings on multiple indices such as BET, STOXX, MSCI, FTSE, ROTX, and CEEplus.
Now, a word on the rumors: While the specific residential delivery objectives for '25 aren't out there, based on their recent moves, we can expect them to make a splash in the affordable premium housing market with their entry into the One City District project in Sector 5, prioritizing sustainable urban regeneration. As for the office leasing front, while there's no concrete info on '25 objectives, their mixed-use developments often incorporate office spaces, showing they're still very much in the game. And, of course, we can't forget about their dabbling in the hospitality market, with plans for Bucharest's first Mondrian lifestyle hotel and efforts to attract international partners to bolster Bucharest's reputation as a hub for high-end hospitality and mixed-use real estate.
Stay tuned, folks! 2025's gonna be a wild ride!
- Diaconescu, one of the key figures at One United Properties, plans to focus on improving the company's profitability in 2025.
- One United Properties intends to fully lease out the remaining leasable area at One Cotroceni Park Office Phase 1 and 2 in 2025, achieving 100% occupancy across their office portfolio.
- One United Properties is projecting a 14% increase in residential revenues in 2025, with the delivery of 2,300 residential units.
- In 2025, One United Properties has already secured 76% pre- lease for One Gallery and is aiming for a 19% increase in rental income and revenues from tenant services, fueled by an expanding office and retail footprint and high occupancy levels.
