ARTICLES LABELLED WITH TAG One United Properties

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. 

Zuzanna Kurek, Investor Relations Manager and ESG Committee Member of One United Properties, spoke with Property Forum about the ESG agenda of the Romanian developer and its role in growing the value of the company. Moreover, she also discussed how sustainability is becoming a strategic element in the developer’s negotiations for funding with banks and capital market investors.

Romanian developer One United Properties has purchased 5 hectares of land in Bucharest for a new mixed-use development in a deal worth €35 million. The company plans to develop One Cotroceni Towers, which will have a gross development value in the range of €400 million. 

While the overall value of land transactions in Romania totalled €450 million during 2022, two-thirds of the traded volume was generated in Bucharest, mostly in the residential segment, according to Colliers Romania. 

Romanian developer One United Properties has obtained the building permit for One Lake District, a large-scale sustainable residential development with 2,076 apartments in Bucharest. The project has a gross development value of around €337.7 million. 

Romanian developer One United Properties has purchased an unfinished, abandoned building in the historic centre of Bucharest, for €13.5 million. The building will be transformed into a 5-star lifestyle hotel - One Plaza Athénée.  

One United Properties has announced the acquisition of three historical buildings in Bucharest with the purpose of restoring and transforming them into a new development of the company - One Downtown.

Romanian developer One United Properties has recorded a turnover of €‎184.2 million in the first nine months of this year, up 43% compared to the same period of last year, while the gross profit doubled to €‎97.2 million due to higher residential sales. 

Romanian developer One United Properties has obtained the building permit for One Floreasca Towers, which will be built on a plot of land of 5,600 sqm, located in the Promenada Mall business area in Bucharest.