ARTICLES LABELLED WITH TAG One United Properties

Romanian developer One United Properties says it will reconvert one of the office buildings in One North Gate into residential units under the One North Lofts brand. 

The office market is going through a period of stagnation, recording demand values similar to those of 2021, while new deliveries amounted to 105,000 sqm by September 2022, compared to 154,000 sqm in the same period of last year, according to real estate consultancy JLL Romania.

While Bucharest’s office stock totaled 3.3 million sqm at the end of the third quarter of 2022, there were only five new office buildings completed and just another one will be delivered by year-end, which would make it a 5-year low for the market, according to real estate consultancy CBRE. 

Romanian developer One United Properties has purchased Bucharest-based office project Eliade Tower from Eurobank Greece for €9.5 million. The building is located near the company’s mixed-use complex One Floreasca City. 

Romanian developer One United Properties has recorded a consolidated turnover of €136.7 million in the first half of 2022, a 54% increase compared to the first half of 2021. The gross profit increased more than double year-on-year, reaching €78.8 million, while the cash position amounted to €102.7 million. 

Romanian developer One United Properties has increased its share capital by €51.5 million in a bid to fund new residential investments in Bucharest.

Romanian developer One United Properties has completed the acquisition of One Victoriei Plaza office building in central Bucharest for around €28 million.  

Romanian developer One United Properties has purchased a land plot of 36,869 sqm in northern Bucharest in a deal worth around €60 million. The company plans to develop a new residential complex with around 900 apartments.

Romanian developer One United Properties plans to invest at least €70 million in the next two years in the urban regeneration of abandoned historical landmarks in Bucharest.

Romanian developer One United Properties has purchased a 10,710 sqm land plot near Floreasca where it plans to start a new residential investment.