One United Properties to expand in retail parks segment

Business Forum

6 February, 2025 at 2:00 PM

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

The company is reportedly aiming to develop retail parks in smaller cities, with a food retailer as the main tenant.

The new development efforts will be led by Bogdan Macovei, a seasoned manager that previously coordinated the expansion of Lidl and Kaufland in Romania, according to profit.ro.

At the end of 2024, One United Properties had under construction a total of 4,041 units, 22,000 sqm of office spaces and 21,000 sqm of commercial spaces with a total gross development value (GDV) of €1.5 billion.

Until now, One United Properties has integrated retail components in its mixed-use projects and the company also owns commercial centre Bucur Obor in Bucharest.

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