News Article Andrei Diaconescu Bucharest ESG One United Properties Romania Victor Căpitanu
by Property Forum | Report

Romanian developer One United Properties expanded efforts last year in landmark restoration, with two new acquisitions - One Downtown, (including the former Hotel Muntenia), and One Plaza Athénée as part of its sustainable urban regeneration strategy.

In total, the gross development value for the restoration portfolio that also includes One Gallery and One Athénée, is estimated at €189 million, said the company in its sustainability report for 2022.

“Strengthening our ESG performance remained a top priority, as we took significant strides in fortifying our commitment to ESG aspects,” said Victor Capitanu, Co-CEO of One United Properties.

At the end of 2022, the company had 5,692 residential units and 34,500 sqm of office space under development.

Andrei Diaconescu, Co-CEO of One United Properties, says it has become clear that environmental aspects continue to be a major concern for the company’s stakeholders. Last year, the company generated 28.38 tons of CO2 equivalent under scope 1 emissions and 13,212 tons of CO2 equivalent under scope 2 emissions. Moreover, for the office developments, the company measured the scope 3 emissions which amounted to 522 tons of CO2 equivalent.