One United Properties kicks off Infineon HQ development in Bucharest

Business Forum
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.

RECOMMENDED
One United raises funding for Bucharest office project
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.

Praktiker Real Estate buys office building in Bucharest
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.

RECOMMENDED FROM THE HOME PAGE
Electrica secures grid permits for 700 MWh of storage
Energy

Electrica secures grid permits for 700 MWh of storage

Energy company Electrica informs investors and the capital market that it has obtained the technical grid connection permits (ATR) for 17 new battery energy storage projects (BESS), with a total capacity of approximately 700 MWh.

Energy

Romanian grid operator to support peak power consumption during heatwave

Romania's national electricity transmission network operator, Transelectrica, has halted scheduled maintenance shutdowns to ensure the grid operates at maximum capacity during an ongoing extreme heatwave. The preventive measures aim to mitigate operational risks associated with severe weather conditions.