The business park will have a global lettable area of 80,000 square meters and the developer’s investment is estimated at EUR130 million.
“We are marking the start of the largest urban regeneration project in the central area of Bucharest on a 5.8-hectare land,” said Mihai Paduroiu, CEO Office Division at One United Properties.
The One Cotroceni Park office project is located in the central part of the city, has direct metro access, flexible office spaces ranging from 3.400 sqm to 8,000 sqm, terraces, elevated gardens, green areas, outdoor sporting areas and panoramic views over the neighboring Cotroceni Palace, Botanical Garden and the Palace of Parliament.
One Cotroceni Park will also include a 15,000 sqm retail area and a residential component consisting of 800 apartments, to be developed in several stages starting 2020.
One United Properties is currently developing 150,000 sqm of offices due for completion over the next three years, totaling investments of EUR220 million.
The developer’s portfolio includes projects One Floreasca Lake, One Herastrau Park, One Charles de Gaulle and One Herastrau Plaza.