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.

Bucharest high steet rents show 17% increase from last year

Calea Victoriei in Bucharest recorded the third-highest rent growth among 50 global markets analysed in Cushman & Wakefield's 2025 "Main Streets Across the World" report. With rents at €70 per sqm per month, representing a 17% increase from last year, Bucharest ranks 39th worldwide and 24th in Europe, level with Zagreb.

Real estate

Intero Property Development sells large land plot in Bucharest

Romanian developer Intero Property Development has signed a sale contract with a retailer for 10,418 sqm of land at Bucharest-based SkyLight Residence. The new supermarket will be the retailer's largest store in Romania, spanning over 3,265 sqm. Construction is scheduled to start in approximately three months, with opening targeted for Q4 2026.

Real estate

CPI Romania completes first phase of Sun Plaza upgrade

Sun Plaza has completed a major modernisation phase with the reopening of Zara according to the latest global flagship store concept designed by Zara's Architecture Office. The new space features expanded area, integrates new digital solutions and offers a fluid layout with interconnected spaces and separate entrances for intuitive navigation.

Real estate

Romania's logistics market records 64% demand surge on nine months

Romania's industrial and logistics sector recorded strong growth in the first three quarters of 2025, driven by activity in the Bucharest area. Total leasing demand reached almost 640,000 sqm between January and September, up 64% compared to the same period last year, according to Colliers data.

Real estate

Property leasing in Romania keeps steady in Q3, says CBRE

CBRE reports that office demand in Bucharest remained stable in Q3 2025, with total leasing activity reaching 61,500 sqm, consistent with the previous quarter but down from last year's quarterly average and the first half of this year. Despite the constant activity levels, market dynamics shifted this quarter as net demand increased by 44% compared to Q2 2025, totalling 41,700 sqm.

Real estate

The future of retail is about belonging, not just buying

Once considered a purely transactional asset class, retail in CEE is rapidly evolving into a platform for experience, community, and brand identity. This shift was at the centre of the discussion at SEE Property Forum 2025, where industry leaders explored how shopping centres are adapting to changing consumer expectations, ESG requirements, and the growing demand for meaningful, multi-use spaces. 

Real estate

FDI in Romanian real estate triples in past decade

Foreign direct investments (FDI) in Romania's real estate and construction sector more than tripled between 2014 and 2024, increasing by €15.1 billion to reach €21.6 billion by the end of last year. The sector's share of total FDI stock rose from 10.6% to 17.3%, according to National Bank of Romania (BNR) data analyzed by Cushman & Wakefield Echinox.

LATEST NEWS

18 Dec

CEE banks record 18% gain in assets between 2021 and 2024

18 Dec

PPC Blue charging network tops 1,100 points in Romania

18 Dec

Lululemon plans expansion in Eastern Europe

18 Dec

Primark plans to double store network in Romania

18 Dec

Romania heads for weak December shopping season over consumer caution

RECOMMENDED FROM THE HOME PAGE

Industry

DP World expands Constanța port terminal with new cranes and platform

DP World has expanded its operations in Romania with two new mobile harbour cranes and a 119,000 sqm multimodal terminal platform at Constanța South Container Terminal.

Industry

Romanian competition authority fines tobacco firms €26.6 million

Romania's Competition Council has fined three companies a total of RON 135.2 million (€26.6 million) for anti-competitive agreements in the heated tobacco products market.

Economy

Holiday spending drops as consumers brace for higher prices, says Deloitte

Holiday spending is decreasing by about 10% this year compared to 2024, as three-quarters of consumers (77%, up from 69% in 2024) expect higher prices on holiday goods.

Finance

CEE banks record 18% gain in assets between 2021 and 2024

Croatia, Czech Republic, Hungary, Poland, Romania and Slovakia have recorded an 18% increase in banking assets between 2021 and 2024.

Energy

PPC Blue charging network tops 1,100 points in Romania

PPC Blue, part of the PPC Group in Romania, has reached over 1,100 charging points this year, doubling its network from the previous year. More than half of these are fast and ultra-fast charging stations, making it one of Romania's most extensive electric vehicle charging networks.

POPULAR

Real estate

2 months ago

Romanian property sales drop 1% after VAT hike

Real estate

2 months ago

Romania leads Europe in construction with 8% GDP share

Real estate

3 weeks ago

Bucharest housing prices surge 60% in past six years

Real estate

2 months ago