Local developer One United Properties has signed a preliminary agreement to acquire a plot of land located on the former FLARO industrial platform in Sibiu.
The site offers significant potential for urban regeneration, with plans for a mixed-use complex featuring residential, commercial, and service spaces.
The project includes the restoration and preservation of four historic buildings on the land. Among these is the former Gratioza pen factory, a historical monument with a special place in the city's industrial history.
Victor Căpitanu, Co-CEO of One United Properties, said: “Sibiu represents one of the most interesting urban development opportunities in Romania at the moment. The city has a solid foundation – a prosperous economy, a rich cultural heritage, and a growing demand for a high-quality urban lifestyle. By introducing the ONE standard in Sibiu, we are expanding our geographical reach beyond Bucharest and Constanța, while strengthening our business model through regional diversification and responding to unmet demand in key urban centres.”
The transaction's completion is contingent on obtaining the final building permit, which is expected by the end of 2026.
