Romanian developer One United Properties has signed a memorandum of understanding with Evergent Investments to develop a mixed-use complex in Iași. This marks the company's third regional expansion after Sibiu and Constanța.
The partnership involves a 2.5-hectare plot with an approved zoning plan. One United Properties will develop a phased mixed-use complex featuring apartments, offices and retail spaces in what represents a major urban reconversion of a former unused industrial area.
"Iași is a regional hub with solid economic foundations and an attractive market for a developer focused on quality products and long-term investment vision," said Victor Căpitanu, Co-founder and Co-CEO of One United Properties. The city offers a diversified economy, established university centre and improved connectivity.
"This partnership creates the groundwork for a large-scale project built to the highest standards on approximately 25,000 sqm," said Cătălin Iancu, CEO of Evergent Investments.
The development is located 8km from Iași International Airport in a central, well-connected area. Iași has become Romania's second modern regional office hub after Cluj and ranks as Europe's third-fastest growing city over the past 15 years, with GDP growing approximately 5.5% annually between 2010-2025.
