One United Properties kicks off Infineon HQ development in Bucharest

Business Forum

5 August, 2024 at 10:03 AM

Romanian developer One United Properties has started the construction of One Technology District, which will host the largest R&D centre of Infineon Technologies in Southeast Europe.

One United Properties has leased the office project to Infineon for the next 15 years starting 2026. The total contract value amounts to €57 million (excluding VAT) and represents one of the largest pre-lease agreements ever recorded in the Romanian office market.

The agreement involves the construction and leasing of office spaces with a gross lettable area of 20,595 sqm (with terraces), including 3,000 sqm of laboratories and 280 parking spaces.

Mihai Păduroiu, CEO Office Division of One United Properties, said the lease is a confirmation of Bucharest's status as a highly attractive market for international companies that understand the value of sustainable construction

The building will be the first in the developer's portfolio that will not include a gas connection, which will be replaced by a geoexchange system. The developer aims to obtain the LEED Platinum certification for One Technology District.

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