Fintech PR
One United Properties nine-month residential sales and pre-sales reach EUR 190.6 million
BUCHAREST, Romania, Oct. 21, 2024 /PRNewswire/ — One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use and office properties, reports residential sales and pre-sales of EUR 190.6 million in the first nine months of 2024. In 9M 2024, the Group sold and pre-sold 713 apartments and commercial units with a total area of 71,886 sqm, as well as 1,071 parking spaces and other unit types.
“We conclude our strongest quarter to date in 2024 with an exceptional performance from our sales teams, achieving 67.3 million euros in pre-sales and sales. The consistent sales and pre-sales performance in the first nine months of this year, together with a stable average selling price per square meter compared to 2023, highlights our ability to maintain strong results and the resilience of our business, year-on-year. Despite the complexities of the market, One United Properties remains the preferred choice for customers looking to upgrade their living standards. Our commitment to quality, transparency and delivering on our promises has cemented our position as a trusted developer in a market where supply is increasingly constrained. In an environment where trust is paramount, we have consistently demonstrated reliability to our customers, which remains one of our key differentiators in the market,” said Victor Capitanu, Co-CEO of One United Properties.
The average sales price per square meters in 9M 2024 remained stable compared to 9M 2023, reflecting the integration of units from One Lake District Phase 2 into the sales portfolio. As of September 30th, 2024, 70% of the available units under development and delivered were sold out. Amounts to be received under contracts concluded with customers as of September 30th, 2024, amount to EUR 353 million in additional cash payments until 2026. EUR 121 million were received in the first nine months of 2024.
The commercial division of One United Properties continued to expand, with the headline rent for the rental portfolio reaching EUR 20.9 million, an increase of 22% compared to 9M 2023.The leasing activity remained robust, as in the first three quarters of 2024, One United Properties’ office division leased and pre-leased 12,100 sqm of office and retail space in Phases 1 and 2 of One Cotroceni Park as well as in One Gallery. In addition, the Company signed several lease extensions for a total of 6,770 sqm. As of September 30th, 2024, 95% of the Group’s standing commercial portfolio was already let.
“The momentum of our development projects remains strong as we continue to expand our presence in Bucharest. Construction of One Technology District and the Mondrian Hotel started in Q3 2024, following the granting of building permits in August this year. As a result, at the end of September, we had a total of 4,041 residential units and 43,000 sqm of modern office and commercial space under construction, with a gross development value of over 1.5 billion euros. More importantly, we have continued to make steady progress at all our sites during the quarter, keeping each development on track. This will be reflected in the revenues generated during the period. These achievements reflect our focus on quality and timely execution, ensuring that we continue to meet the needs of the market and strengthen our leadership in the Romanian real estate sector,” said Andrei Diaconescu, Co-CEO of One United Properties.
As of September 30th, 2024, One United Properties owned or had under pre-SPA 285,100 sqm of land sites for further development, with a total above ground Gross Building Rights (GBA) of approximately 988,000 sqm. All of these sites are currently in the planning stage, with an estimated GDV of EUR 1.8 billion. The Group estimates the construction of 7,000 apartments, community services and 146,000 sqm of leasable commercial buildings. Of the commercial buildings, 121,000 sqm will host offices and the remaining 25,000 sqm are located within buildings that will undergo restoration.
ONE UNITED PROPERTIES (BVB: ONE) is the leading green investor and developer of residential, mixed-use, and commercial real estate in Bucharest, Romania. One United Properties is an innovative company dedicated to accelerating the adoption of construction practices for safe, energy-efficient, sustainable, and healthy buildings, and has received numerous awards and recognitions for its superior sustainability, energy efficiency, and wellness. The Company is publicly traded on the Bucharest Stock Exchange, and its shares are included in multiple indices such as BET, STOXX, MSCI, FTSE, ROTX and CEEplus.
Logo – https://mma.prnewswire.com/media/2335791/4978417/One_United_Properties_Logo.jpg
Photo – https://mma.prnewswire.com/media/2535654/ONE_Cotroceni_Park_Office.jpg
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/one-united-properties-nine-month-residential-sales-and-pre-sales-reach-eur-190-6-million-302281581.html
PANAMA CITY, March 15, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is excited to announce its participation as a Gold Sponsor at the 5th edition of Next Block Expo (NBX), scheduled for March 19-20, 2025, at Multikino Złote Tarasy in Warsaw, Poland. As one of Europe’s premier Web3 events, NBX 2025 is expected to attract over 2,000 attendees, making it a key platform for blockchain innovation and collaboration.
NBX serves as a dynamic hub for industry leaders, startups, investors, and developers, fostering knowledge-sharing and networking opportunities to drive the future of blockchain. As a firm advocate for Web3 advancements, BingX will showcase its ongoing commitment to innovation through an interactive booth, featuring engaging activities, expert insights, and exclusive giveaways. Attendees will gain firsthand knowledge of how BingX supports high-potential blockchain projects with financial backing, technical expertise, and strategic growth consultations.
In addition to its sponsorship, Vivien Lin, Chief Product Officer of BingX, will be a key speaker at NBX 2025, contributing to discussions on strategic trading approaches, risk management, and the evolving landscape of blockchain investments. She will also deliver a keynote speech exploring BingX’s vision for blockchain innovation and how the company translates emerging technologies into real-world applications.
“At BingX, we believe that true innovation comes from bold ideas and strategic execution,” said Lin. “Sponsoring NBX 2025 is more than just a presence for us — it’s a commitment to fostering a thriving blockchain ecosystem. We are here to connect with visionaries, provide the resources they need, and help shape the future of decentralized technology. By empowering builders and innovators, we’re not just supporting projects — we are accelerating the evolution of Web3 itself.”
BingX’s participation at NBX 2025 underscores its long-term vision of driving blockchain innovation and supporting the next generation of industry leaders. As BingX continues to expand its global footprint, initiatives like this sponsorship reinforce its role as a catalyst for growth in crypto space. By engaging with emerging projects, thought leaders, and investors, BingX remains at the forefront of Web3 advancements, bridging the gap between groundbreaking ideas and real-world impact.
About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.
For more information please visit: https://bingx.com/
Photo – https://mma.prnewswire.com/media/2642425/BingX_NBX_Event_PR_Banner_1920x1080.jpg
Logo – https://mma.prnewswire.com/media/2310183/BingX_logo_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bingx-joins-nbx-2025-as-a-gold-sponsor-empowering-blockchain-innovation-302402414.html
WEST ATLANTIC CITY, N.J., March 14, 2025 /PRNewswire/ — The Great Bay Insurance Group (the “Group”), a leading provider of coastal homeowners’ insurance in New Jersey, today announced the following leadership changes. Timothy J. Byrne, Jr., has been named as President of the Group and Ronald R. Lovatt has been named President of Great Bay Insurance Company, a wholly owned affiliate of the Group.
Mr. Byrne Jr. has nearly 15 years of industry experience and previously served as the Group’s Chief Operating Officer overseeing the Groups operations and underwriting strategies.
Mr. Timothy J. Byrne, Sr., Chief Executive Officer of the Group, added, “I’m excited to announce the promotion of Tim Jr. to the role of President of The Great Bay Insurance Group and Ron to the role of President of Great Bay Insurance Company. Tim Jr. and Ron have been an integral part of the Group since its founding in 2019.”
As President, Tim Jr. will provide oversight for all corporate support functions and will continue to report to Tim Sr.
Mr. Byrne Jr. holds a BS in Economic and Mathematics from the University of Vermont, an MBA in Risk Management and Insurance from St. John’s University and holds a CPCU designation.
Mr. Lovatt has 40 years of broad insurance industry experience in leadership capacities with international, national, regional and start-up insurance companies. Ron is a founding member of The Great Bay Insurance Group, working with Tim Sr. & Tim Jr. to launch Great Bay in late 2019. Ron currently serves as Chief Underwriting Officer & Chief Claims Officer for The Great Bay Insurance Group, has an MBA from The Wharton School of the University of Pennsylvania, and a Bachelor of Science degree in Economics, Finance, Accounting & Marketing from Miami University.
Contact:
Investor Relations
Brian Schleider, CPA
Chief Financial Officer
609-434-2000, x102
brian.schleider@greatbayinsure.com
Logo – https://mma.prnewswire.com/media/2641485/GBIH_logo_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/great-bay-insurance-group-announces-executive-changes-302401923.html
Fintech PR
Forward Global responds to surge in UK shareholder activism with launch of UK Corporate Contests Practice
LONDON, March 14, 2025 /PRNewswire/ — International risk management firm Forward Global launched its UK Corporate Contests Practice on Tuesday in response to what is described as “all-time high of shareholder activism” in London and Paris.
Speaking ahead of the launch on Tuesday night, Brendan Foo, Partner and Global Head of Corporate Contests at Forward Global, said “As activism gains currency as an asset class, savvy investors are looking toward the UK and Europe to generate alpha. Indeed, in 2025 alone, we have seen an unprecedented demand for our services not just in our traditional strongholds of the US and Canada, but also in the UK and Europe. This reflects the surge in activist (and active) engagements, with which our team is uniquely well-placed to assist.”
Forward Global’s Corporate Contests Practice was established to meet demand from law firms, investors, and advisers to provide a comprehensive suite of services to support companies in high-stakes shareholder engagements. In keeping with the firm’s established activism practice in the US, the new London offering will deliver investigative and intelligence work such as vetting board nominees, relationship mapping, scrutinizing the track records of both incumbents and challengers, and conducting deep-dive reputation analyses. In Europe, Forward Global’s Patrice Lambert-de Diesbach offers clients battle-tested expertise in investor relations and financial communications.
Shareholder activism in the UK has expanded significantly, with campaigns becoming more frequent and sophisticated. In 2023, the number of new public activist campaigns in Europe surged by 68%, with the UK remaining a primary target. US-based activist investors have also increased their focus on UK firms, launching 40% of all UK activist campaigns in 2024. With contested boardroom battles and regulatory shifts on the rise, the expansion of Forward Global’s Corporate Contests practice into the UK is well-timed, equipping issuers with the intelligence and strategies needed to navigate this evolving landscape.
The firm launched the new practice at an exclusive gathering at the International Institute of Strategic Studies in London, bringing together leading voices from the shareholder activism space to discuss the evolving landscape of transatlantic shareholder activism.
The panel discussion, featuring Brendan Foo, Patrick J. McHugh of Okapi Partners, and Sebastian Fain of Freshfields, explored critical considerations for US investors entering the UK market and vice versa, differences in engagement styles across jurisdictions, and strategies for issuers to proactively engage with both activist and active investors. Panelists also examined the impact of anti-DEI and ESG sentiment on investor relations in the UK, as well as how issuers can adapt to evolving regulatory and institutional expectations.
John Watts, Managing Partner of Forward Global UK, added, “Forward Global’s new UK Corporate Contests Practice is designed to provide companies with the strategic intelligence and investigative depth needed to navigate an increasingly complex activist landscape. Our team is committed to equipping clients with the tools to engage proactively with investors, safeguard their strategic interests, and strengthen shareholder relations across Europe.”
Notes for Editors
Forward Global is an international group, with its historic headquarters in France, boasting five main offices in Paris, Brussels, London, Miami, and Washington. As a leading player in risk management with over 450 employees and 30 partners, Forward Global offers an integrated approach across the three major risks: digital, economic, and informational.
Logo: https://mma.prnewswire.com/media/2641946/Forward_Global_Logo.jpg
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/forward-global-responds-to-surge-in-uk-shareholder-activism-with-launch-of-uk-corporate-contests-practice-302402058.html
-
Fintech6 days agoFintech Pulse: Your Daily Industry Brief – March 10, 2025 | Finovifi, Modern Banking Systems, France Flowdesk, Fintech Galaxy, ProgressSoft, Finory Investment, 1337 Ventures
-
Fintech5 days agoFintech Pulse: Your Daily Industry Brief – March 11, 2025: Apex Fintech, Bakkt, Stripe, PayPal, Nvidia, Shopify, Adyen, Intergiro, Seon, Infintegration
-
Fintech PR3 days agoCBC Summit Expands to Europe, Bringing Crypto Banking, Compliance, and Payments Leaders Together in London on March 17, 2026
-
Fintech PR6 days agoCommercial Auto Insurance Market to Reach $390.5 billion, Globally, by 2033 at 9.1% CAGR: Allied Market Research
-
Fintech4 days agoFintech Pulse: Your Daily Industry Brief – March 12, 2025 | Stax Payments, St. Pete Fintech, Credit Rewards Fintech, The Power of Time: London
-
Fintech PR2 days agoBaron Evans of Sealand and PR Guru Paul Holmes to Lead Davos Communications Summit 2025 on April 10 in Switzerland
-
Fintech PR2 days agoCurve Secures £37M Investment led by Hanaco Ventures as the Company approaches profitability and prepares to Launch Curve Pay in 2025
-
Fintech PR3 days agoMarygold & Co. Launch Britain’s First-of-a-Kind Intuitive Financial App, Set to Overhaul the UK’s Archaic Banking System