One United Properties had bought the 5.3-hectare land of the former Ventilatorul factory in Bucharest, on which it is developing the One Cotroceni Park office space project.
One United Properties has recently sold 30% of the One Cotroceni Park project for an increase in its share capital which will be invested in developing the project whose first phase of the office component has already been leased.
One Cotroceni Park is the first mixed-use real estate project in capital Bucharest, which has office, residential and retail components, the last of which covers 15,000 square meters.
The residential component will have some 800 apartments and will be developed in several stages after obtaining the building permit.
With a market value of over EUR1.1 billion, the company’s portfolio comprises over 2,000 exclusive residential units and Class A plus office spaces.