“The deal involving the two amounts to EUR39 million. We will build there (on the former site of Ventilatorul i.e.) One Cotroceni Park, a mixed-use development of office and retail space and apartments,” says Victor Capitanu. Work on the new complex should begin some time next year.
The land in the Razoare area is located between two future Line 5 subway stations, Academia Militara and Orizont.
Bucharest Business Center in Victoriei area in Bucharest, the other property part of the deal has a lettable area of 11,672 square meter distributed over 19 levels, according to Immofinanz website.
One United has completed, is working or about to start building several residential projects. It also developed an office space complex, North Gate, in the north of Bucharest, which has 23,000 square meters of space and 500 parking spots and is now developing One Tower in the center of the city.
(English version by Loredana Fratila-Cristescu)