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.

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

Bucharest office leasing down 20% in 2024

Bucharest recorded a 20% decline in office leasing, to 339,000 sqm, in 2024, compared to the previous year, although it remained above the five-year average, according to a Colliers report.

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

16 Jan

Romania's electricity consumption drops 0.7% in first 11 months

16 Jan

Romania ranks second cheapest in EU for consumer goods, says Eurostat

16 Jan

Life sciences M&A surges 81% as big pharma hunts for growth, says EY

16 Jan

Electro-Alfa plans IPO on BVB

15 Jan

Romania's industrial output drops 1.1% in first 11 months

RECOMMENDED FROM THE HOME PAGE

Finance

Electro-Alfa plans IPO on BVB

Electro-Alfa International, a Romanian electrical equipment manufacturer, has announced plans for an Initial Public Offering (IPO) on the Bucharest Stock Exchange (BVB).

Industry

Life sciences M&A surges 81% as big pharma hunts for growth, says EY

Global life sciences M&A activity increased by 81% in 2025 to $240 billion, driven by Big Pharma's large-scale deals, despite fewer overall transactions. The surge reflects companies prioritising innovations ready for launch as they face widening growth gaps.

Finance