Thursday, August 13, 2020
Home News Investment Market One United Properties has ongoing office projects of 150,000 sqm

One United Properties has ongoing office projects of 150,000 sqm

One United Properties, a company with Romanian capital, is developing office projects that will bring around 150,000 sqm to the market over the next three years.

“In addition to One Tower, we are launching a further two major projects this autumn: One Cotroceni Park, 80,000 sqm and One Verdi Park, 20,000 sqm, with a total investment of EUR 220 million,” 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 EUR 250,000, 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.

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.

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