10/3/2023 0 Comments Encore capital share price![]() The foundations of the company were laid by Cosmin Savu-Cristescu, managing director of Redport Capital group, an important local real estate developer and Andrei Sarbu, CEO of real estate consultant SVN Romania, one of the main profile companies active in Romania and the one with the most extensive activity on the residential segment. ECT’s investment policy is focused on six lines of business, the main ones being the acquisition of residential units in projects in early development stages, at a preferential price, mezzanine investments, which involve capital participation in the development of a project and the capitalization of the completed product, the acquisition of real estate assets to obtain a monthly return and iBuyer acquisitions on the secondary residential market.Įncore Capital Trust was founded and is managed by a series of proven entrepreneurs and managers with a vast experience on the local real estate market and business environment. The company already invested more than two-thirds of the amount raised after the first round of financing, reaching a portfolio with 130 residential units from eight projects located in Bucharest and Ilfov area. ![]() ![]() The real estate market continues to present numerous opportunities and our negotiation capacity, expertise in identifying the most suitable investments and in concluding financing partnerships with developers are the main arguments that lead us to be confident in the evolution of the company towards a portfolio worth tens of millions of Euros in the following years,” stated Robert Butoi, Executive Director Encore Capital Trust. We identified and realised very attractive investments and the current annualized return exceeds the 20% objective set per year. ”The results registered after the closing of the first private placement were excellent and the shareholders’ trust in ECT’s business model led us to organize a new round of financing in such a short time, less than five months. In the event that the new shares issued within the current capital increase will not be fully subscribed by the current shareholders, they will be offered to third parties at an issue price of 1.05 RON / share. The company’s current equity capital is RON 18.2 million (approximately EUR 3.7 million) and can reach a maximum of RON 48 million (approximately EUR 9.8 million) after the full subscription of the new shares. ![]()
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