Romanian-based real estate developer eye office projects of 150,000-sqm worth EUR 220 M


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One United Properties, a company with Romanian capital, has ongoing office projects of 150,000 sqm for the following three years, totaling investments of 220 million EUR.

In addition to One Tower, we are launching this autumn two major projects: One Cotroceni Park, 80,000 sqm and One Verdi Park, 20,000 sqm, totaling investments of 220 million EUR”, said Andrei Diaconescu, Co-Founder One United Properties.

The strategy is to develop communities in projects with mixed functions, which concentrate facilities and benefits in a single concept: premium and luxury apartments, class A offices, retail spaces serving office and residential components, green spaces and facilities for sports and leisure.

We see an upward trend for revitalizing the former industrial platforms of Bucharest, in projects that combine the historical and cultural heritage of the respective places with the contemporary architecture and modern construction technologies,” said Victor Capitanu, Co-Founder One United Properties.

Construction works at One Tower, part of One Floreasca City complex, are on schedule, the tower reached the GF + 12 level, following to be delivered Q4 2020. The proximity of Floreasca Park, the panoramic view over the lake and the V4 LEED Platinum pre-certification are just a few of the attraction elements of the project.

At One Cotroceni Park, the developer has begun demolition works and is awaiting the construction authorization for a business park with an area of 80,000 sqm, an innovative concept for companies looking for a solution to make the building more efficient.

The concept from One Cotroceni Park offers great flexibility, from 3,400 sqm up to 8,000 sqm per floor. From our estimates, a company with three headquarters in different areas of Bucharest, totaling 15,000 sqm makes annual savings of 250,000 EUR, by moving this space to One Cotroceni Park”, said Ionut Dumitrescu, Co-Founder One Office, the office division.

One Cotroceni Park is unique on the Bucharest office market, with benefits such as: location within the central ring of the city and direct access to the subway, generous areas per floor, rooftop gardens, retail area with the dimension of a mall, green spaces, areas for outdoor sports activities and a panoramic view of the neighborhoods – Cotroceni Palace, Botanical Garden or Parliament Palace. Delivery term is Q4 2021.

The third project, One Verdi Park, provides for the construction of two towers, an office and a residential one, in a consecrated area, on Barbu Văcărescu boulevard. The two towers will be connected by a retail space on the ground floor. For this project, the developer starts construction works this fall, the delivery being estimated for Q1 2022.

One Verdi Park

All projects will be built in compliance with LEED requirements for green buildings, the developer assuming the delivery of assemblies that will change the face of Bucharest, revitalizing old, abandoned areas.

One United Properties also has a portfolio of 35,000 sqm where it is targeting new investments to improve the product to today’s standards. One Victoriei Center has recently undergone a reception modernization process, approaching a new concept for this space. The building houses tenants such as Mediafax, Food Panda, BRD, S&T, Embryo’s Fertility Clinic, Irem Spa or Ownzones Entertainment Technologies. One North Gate is also in the process of refurbishment. One and Element groups will move their headquarters to One North Gate in October, setting up a concept space, signed by Lemon Office Design.

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