Romanian developer One United Properties has announced the contracting of a €20 million increase in the financing obtained in 2021 for the development of One Cotroceni Park Office Phases 1 and Phase 2. The financing increase was backed by BCR and BRD and will be used to reimburse shareholder loans and cover other costs related to the credit facility increase transaction.
In 2021, the company secured a financing agreement of 78 million euros for phases 1 and 2 of One Cotroceni Park Office, with financing provided by BCR, BRD and Erste.
One Cotroceni Park 1 and One Cotroceni Park 2 reached occupancy levels of 94% and 90%. The office spaces are LEED Platinum and WELL Health & Safety certified, attesting to sustainable operations with minimal environmental impact, as well as prioritizing occupant well-being and ensuring optimal workplace conditions.
With the completion of its two office phases and the residential component, One Cotroceni Park is contributing to the development of a new community in a central area of the city that has seen limited major interventions in recent years.
One Cotroceni Park is the first phase of a much larger urban development, which will continue with One Cotroceni Towers.
