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.

Pre-lease deals drive Bucharest office market recovery

The Bucharest office market is showing early signs of recovery, driven by a visible increase in pre-lease transactions, highlighting renewed occupier appetite for future office spaces. As tenants secure their leases well in advance, the current development pipeline exceeding 215,600 sqm, the highest level in recent years, is expected to be gradually absorbed, according to data from Cushman & Wakefield Echinox.

Real estate

One United raises funding for Bucharest office project

Romanian developer One United Properties has raised around €6.5 million in fresh capital from a group of ten investors to support the construction of the new office building for Infineon in northern Bucharest.

Real estate

Biggest food hall in Eastern Europe to open in Bucharest

One United Properties and Tomcat Hospitality have teamed to launch Marketta Food Hall, which is set to become the biggest food hall in Eastern Europe. 

Real estate

One United Properties to expand in retail parks segment

Romanian developer One United Properties, specialized in office and premium residential projects, is looking to build a portfolio in the retail segment.  

Real estate

Return to office mandates to boost demand for new spaces

Vlad Săftoiu, Head of Research Cushman & Wakefield Echinox, talked to Property Forum about the demand trends in the Romanian office market and the outlook for industrial and retail investments in 2025.

Real estate

IWG opens new coworking space in Bucharest

IWG is opening a new coworking location under the Spaces brand in Bucharest-based Vastint Business Garden building that will focus on hybrid work demand.

Real estate

Praktiker Real Estate buys office building in Bucharest

Praktiker Real Estate, the property company owned by Turkish investor Omer Susli, has purchased the Muntenia Business Center offices, in central Bucharest, from Longshield Investment Group for €8 million.

LATEST NEWS

17 Jun

Office supply across CEE capitals to remain constrained this year, says Colliers

17 Jun

Raiffeisen Asset Management hits €1.73 billion under management

17 Jun

PPC blue and Dedeman expand electric mobility infrastructure in Romania

16 Jun

Romanian factories rush to map their power infrastructure, says player

16 Jun

EBRD lends €57 million to Delgaz Grid for investments

RECOMMENDED FROM THE HOME PAGE

Energy

PPC blue and Dedeman expand electric mobility infrastructure in Romania

 PPC Blue Romania, part of the PPC group in Romania, has signed a partnership with Dedeman, a Romanian-owned DIY retailer, for the installation and operation of electric vehicle charging stations across Dedeman's national store network, both existing and future locations.

Finance