Beatrice Dumitrascu (One United Properties): A bold Romanian real estate player 2023
At the beginning of her interview with Business Review, the CEO of One United Properties, Beatrice Dumitrascu, stated, “Over the years, One United Properties has undergone a remarkable transformation, and 2022 was arguably its finest year to yet.” One United Properties is Bucharest’s leading green investor and developer of residential, mixed-use, and commercial real estate, as well as an innovative company committed to accelerating the adoption of the best construction practices for energy-efficient, sustainable, and healthy buildings. All of the company’s buildings have exceptional certifications for sustainability, energy efficiency, and wellness, and the developer’s efforts have been recognized by the various accolades they’ve earned from specialized groups.
In addition to the company’s outstanding financial performance in 2022, a number of productive challenges were successfully met. “We have transitioned from only being a developer to also being an investor in real estate, and we have expanded the high-end ONE brand into bigger size medium to medium-high income developments,” Dumitrascu points out.
In the first nine months of 2022, One United Properties quadrupled its gross profit, which reached EUR 97.2 million and generated a total revenue of EUR 184.2 million despite the overall economic upheaval, the conflict in Ukraine, and the aftermath of covid-19. By investing continuously in the Romanian real estate market, the group maintains its market-leading position.
“Because of my background and expertise, I lean toward the marketing and sales roles. The CEO explains, “I am happy and proud to be a part of such a successful Romanian story. I am just one part of a great company with excellent results, and our teams perform well every day.” Beatrice Dumitrascu, when asked about her leadership style, explains that if one is committed to effective leadership, the recipe becomes very simple: care, share, and lead by example. “A team is comprised of individuals who require varying degrees of support, and as a leader, you must comprehend everyone, adapt when the situation calls for it, and ensure that everyone is productive. For a business to be successful, every member of its team must contribute and feel accountable. Achievement is never about one single person; it’s always about a full team.”
One United Properties was the first real estate developer in Romania to receive an international award, having received “Best Sustainable Residential Development” at the 2019-2020 International Property Awards. This demonstrates the company’s exceptional success. The company is currently listed on the Bucharest Stock Exchange’s Main Market.