ARTICLES LABELLED WITH TAG One United Properties

Romanian developer One United Properties aims to raise up to €100 million in equity from investors through a share capital increase. The move will be up for vote during the next shareholder’s meeting of the company slated for April 26. 

Romanian developer One United Properties is reportedly exploring several options to expand outside the domestic market.

One United Properties continues to develop its Bucharest-based office portfolio which has reached an estimated value of almost €400 million. Property Forum spoke with Mihai Păduroiu, CEO of the Office Division of One United Properties, about the transformation in the office market triggered by the pandemic and the drivers of demand going forward.

Romanian developer One United Properties recorded revenues of 1.1 billion lei (€222 million) during 2021, up 105% year-on-year, while the gross profit expanded almost two-fold to 603.5 million lei (€122 million) over higher residential sales and increased rental income. 

Romanian developer One United Properties has completed the acquisition of the Bucharest-based Bucur shopping centre. 

Romanian developer One United Properties confirmed that it was looking to sell the main office building within the One North Gate project in northern Bucharest. 

Romanian developer One United Properties has completed the first phase of Bucharest-based One Cotroceni Office Park, with a gross leasable area of 46,000 sqm. The company said it has leased 75% of the office and commercial spaces by the time of delivery. 

Romanian developer One United Properties has announced the handover of One Herăstrău Towers, located in northern Bucharest, with a gross development value of around €53.3 million. 

New office spaces with a combined surface of 153,900 sqm have been delivered in the first nine months in Bucharest, of which 107,900 sqm in Q3 alone, according to real estate consultancy JLL Romania. Total deliveries were up 24% year-on-year. 

Romanian developer One United Properties says it will take over a majority stake in Bucur Obor, a shopping centre based in Bucharest.