Fintech start-up MetaWealth partners with One United Properties in a 20 million Euro framework agreement for rental apartments that will give MetaWealth investors access to residential projects developed by One United Properties in Romania.
MetaWealth will list three new assets on the fintech platform. The first asset consists of 31 apartments in the One Lake District residential project, listed on May 7. With an estimated total investment value of 5.5 million Euro, the investment is estimated by MetaWealth to generate 36 percent profit in 18 months. MetaWealth intends to hold the apartments for long term rental.
Michael Topolinski, MetaWealth co-founder and Chairman, says: “This is a milestone agreement for the Real Estate market in Romania, which validates the tokenization model that MetaWealth has been successfully implementing for more than a year now, in some of the most lucrative Real Estate markets in Europe.”
Richard McLaughlin-Duane, MetaWealth co-founder and Managing Director, Assets & Partnerships, adds: “MetaWealth gives local developers a global stage for showcasing their assets and provides individual investors from all over the world access to otherwise unreachable opportunities in profitable Real Estate markets. We are excited to have One United Properties on board in our mission to revolutionize Real Estate investment. I believe that our partnership takes the Romanian market to the next stage of development.”
Victor Căpitanu, co-founder and co-CEO One United Properties: “As part of our development strategy, we are embracing emerging technologies to further diversify our pool of buyers and investors. MetaWealth is a dynamic fintech that has managed to build an impressive reach and investor base around the world in only a year, and we are confident that our partnership will give us a competitive edge in an increasingly global digital market.”
