Romanian developer One United Properties has completed the acquisition of the Bucharest-based Bucur shopping centre.
The company took over a 55.4% in a share deal worth 64.9 million lei (around €13.1 million). One United Properties said the acquisition aims to increase the share of the profits from rental activity in the total profits of the company.
Bucur Obor was launched in 1975 and has a mixed portfolio of tenants, including retailers Auchan and Altex.
Shares in One United Properties were up 0.28% to 1.43 lei on Tuesday afternoon trading on the Bucharest Stock Exchange (BVB). Its market capitalization amounted to 3.6 billion lei (€727 million).
