Romanian developer One United Properties has completed the acquisition of One Victoriei Plaza office building in central Bucharest for around €28 million.
The building with a leasable area of approximately 12,000 sqm currently hosts the HQ of First Bank. The annual rental income generated by the project stands at €1.9 million
“Today’s transaction is aligned with our strategy of growing the recurring revenues from the commercial portfolio, especially in the setting where the demand for quality office spaces continues to grow in Bucharest. There are a lot of opportunities in the market for key acquisitions, such as One Victoriei Plaza,” said Victor Căpitanu, co-CEO at One United Properties.
The acquisition was financed with a loan of around €19 million granted by Garanti Bank.
