Romanian developer One United Properties has purchased Bucharest-based office project Eliade Tower from Eurobank Greece for €9.5 million. The building is located near the company’s mixed-use complex One Floreasca City.
Eliade Tower has a leasable area of around 10,000 sqm and has an occupanc rate of around 50%.
“In the short term Eliade Tower will operate as an office building in our company's office portfolio, but for the medium and long term we will analyse the optimal use of the property," said Victor Căpitanu, co-CEO of One United Properties.
One United Properties' office portfolio currently includes One Tower, One Cotroceni Park, One Victoriei Plaza, One Herăstrău Office, One North Gate and Eliade Tower and will reach a total leasable area of over 150,000 sqm after the delivery of One Cotroceni Park Office Phase 2 by the end of 2022. Together with the commercial portfolio, consisting mainly of Bucur Obor and One Gallery, the former Ford factory, the company's total portfolio for commercial rentals will reach a leasable area of almost 200,000 sqm.
