Biriş Goran is pleased to announce that it represented its client, One United Properties in a landmark private placement bond issuance for the development of high end real estate in Bucharest. One United Properties issued 20 million euros bonds maturing at 4 years, through private placement. The bonds will improve the company's capital structure and provide liquidity for new residential developments. This transaction has been finalized within one month of the aquisition of North Gate office building in Pipera, another notable transaction on the real estate market involving the Biris Goran team.
Biriş Goran team that assisted in the transaction was composed of Daniela Lazea, Christian Mîndru and Mariana Signeanu.
Daniela Lazea stated: "This is another notable transaction on the market, involving our real estate, finance and corporate teams and we are very happy that our client gave us the opportunity to be a part in the growth of the market through sustainable projects developed by the One United brand, which is an example for the Romanian entrepreneurship in terms of success and high standards."
Christian Mindruadded: "Financing through bonds issuance is rather undevelopped in Romania as compared to other jurisdictions and we hope that such alternative method of financing adopted by One United Properties shall pave the way for others in the near future."
One United Propertiesis a leading real estate developer of premium residential compounds in Bucharest, Romania.