News Article Bucharest BVB IGSU office One North Gate One United Properties Pipera Romania
by Property Forum | Investment

Romanian developer One United Properties confirmed that it was looking to sell the main office building within the One North Gate project in northern Bucharest. 

The company said it submitted a bid in the procedure organized by the Romanian General Inspectorate for Emergency Situations (IGSU) for an acquisition of an office building.  

”However, at the current date, the procedure is not completed, and the winner has not yet been selected,” according to a statement submitted to the Bucharest Stock Exchange (BVB). 

One North Gate is located in Pipera and has a leasable area of 23,000 sqm. The project includes two buildings that were purchased by One United Properties in 2017. Shares in One United Properties were up 6.15% to 1.38 lei on Tuesday trading on the BVB.