Romanian developer One United Properties has signed a deal with German semiconductors maker Infineon Technologies for the development of a prime office building in northern Bucharest.
Romanian developer One United Properties has recorded a net profit of €52.8 million in H1 2023, up 13% compared to the same period of last year, while the turnover rose by 26% to €171 million in the same interval.
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.
Romanian developer One United Properties has sold Bucharest-based One North Gate, an office building spanning 4,500 sqm with an occupancy rate of 80%, to Element Investiții Imobiliare, owned by domestic investors, in a deal worth €6 million.
Romanian developer One United Properties recorded a turnover of €89.3 million in Q1 2023, up 27% compared to the same period of last year, while the net profit more than doubled to €30.8 million in the first quarter over higher residential sales and growing rental income.
Romanian investors have made real estate acquisitions worth €1.1 billion in the last 5 years, having a share of 28% in the investment volume recorded in this period, according to a report by Cushman & Wakefield Echinox.
Romanian developer One United Properties has obtained a loan of €20 million from Banca Transilvania for the for the completion of the One Cotroceni Park residential development in Bucharest.
Romanian developer One United Properties says its consolidated turnover rose by 4% year-on-year to €235.4 million in 2022, while its gross profit fell 5% to €116.2 million over higher investment activity.
Confectionery Batida has joined the tenants of the LIXA City Gardens retail concept that is being arranged in the LIXA office complex near the Daszyński Roundabout in Warsaw.
Vileda expanded its office located in MyHive IO-1 in Warsaw, owned by CPI Property Group, to 712 sqm. Przemysław Urbański from Avison Young Poland supported Vileda in the negotiation process.
The LUX MED Group extended a 2,200 sqm lease agreement in the O3 Business Campus in Kraków managed by EPP
New appointments
Axi Immo is developing its Capital Markets Department. As of November 2023, Jakub Grabara was appointed as Associate Director in the Capital Markets Department. He will be responsible for transactional services, i.e., acquiring, purchasing, and selling commercial real estate.
Romanian developer ARQA has named Alexandru Rădulescu as Chief Sales Officer. During his career, he has overseen the sale of 17 residential and mixed-use projects.
Multi Corporation appoints Ola Zajac as New Business Ventures Manager. Ola will be looking for new business expansion strategies and venture capital investment opportunities across Europe and will be based out of Lisbon.
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