“Demand remains good. Our sales of apartments were better in April than in March. As for office space rental, we signed leases for One Tower and One Cotroceni Park every week. As for costs and supply, all our suppliers fulfilled their commitments, including imports from Italy and Spain,” said Victor Capitanu, managing director of One United Properties at the Confidex conference organized by Impetum Group and Ziarul Financiar.
One United has some 1,500 to 2,000 people on the construction sites open at this time, Victor Capitanu says. The developer is currently working on a number of projects such as One Herastrau Towers, to be delivered this year, Neo Timpuri Noi, scheduled for the first quarter of 2021, Neo Mamaia, to be completed in the third quarter of 2020, One Verdi Park, the mixed-use project on Barbu Vacarescu, which is at the foundation stage and One Cotroceni Park, which is at the same stage, as well.
“More than 80% of the apartments are already pre-sold, with down payments of 40% to 50%. We will deliver One Tower office building this year, which has a gross lettable area of 24,000 square meters. We are now at 40% pre-leases and another 10% to 20’% head of terms.”
One United is held by Andrei Diaconescu and Victor Capitanu and is the most active developer of luxury apartments in Bucharest.
“Demand from customers remains significant, I see no reason why we should slow down development.”
(English version by Loredana Fratila-Cristescu)