News Article Bucharest One United Properties residential Romania Victor Căpitanu
by Property Forum | Residential

Romanian developer One United Properties said its residential sales and pre-sales volumes totaled €57.1 million in Q1 2024, down by around 10% year-on-year.

In the first three months of this year, the company’s sales comprised 92 apartments with a total surface of 10,618 sqm, 228 parking spaces and other unit types. The developer said that amounts to be received under contracts concluded with customers by the end of Q1 2024 are €310 million in additional cash by 2025.

“As of March 31st, nearly three-quarters of the units in our developments currently under construction have been sold out. This success highlights the effectiveness of our conservative business model, which emphasizes strong pre-sales during the period of construction," said Victor Căpitanu, Co-CEO at One United Properties.

At the same time, the commercial division of One United Properties continued to expand, with the headline rent for rental portfolio reaching €7 million, a 25% increase compared to Q1 2023.

The company said its land bank can accommodate additional investments in 6,000 residential units and over 163,500 sqm of commercial spaces.