"Since our IPO three years ago, One United Properties has consistently delivered strong quarterly results. The first half of 2024 continues this trend, marking another period of solid growth for both our residential and office divisions. To meet the increasing demand for our high-quality homes, we began pre-sales for the second phase of our landmark development, One Lake District, where our sales team sold 165 units within just one month.
What stands out in the first half of 2024 is the consistent sales across all our targeted sub-segments – premium, high-end, and luxury – spanning both completed developments and those still under construction. In a market where supply has been declining year-on-year, our ability to meet broad market demand with the highest-quality products has set us apart, enabling us to continue our rapid growth and maintain our leading position", said . At the end of May 2024, pre-sales started at the second phase of One Lake District, where 867 units are being built.
Consequently, as of June 30th, 2024, 66% of the available units under development and delivered were sold out. Amounts to be received under contracts concluded with customers as of June 30th, 2024, will total EUR 331 mln in additional cash by 2026. An additional EUR 79 mln was collected in H1 2024 alone.
The commercial division of One United Properties continued to expand, with the headline rent for the rental portfolio reaching EUR 14 mln in H1 2024, a 21% increase compared to H1 2023. .