The operational buildings One Victoriei Plaza, One Cotroceni Park Office (phases 1 and 2), and One Tower are fully leased, while One Technology District, the office hub developed turnkey for Infineon Technologies, is fully leased under a 15-year lease agreement. In addition, One Gallery, currently nearing completion, is fully pre-leased.
This performance is even more relevant in the context of a local market with limited new supply and increasingly strong demand for modern workspaces. According to the Cushman & Wakefield Echinox Marketbeat Office Q2 2026 report, no new office project was completed in Bucharest in the first half of the year, while the vacancy rate on the Bucharest office market stood at 11.6% at the end of the second quarter of 2026, the lowest level recorded since the third quarter of 2020. At the same time, net take-up, generated by companies expanding or entering the market, reached 73% of total leasing activity, up from 53% a year earlier.
„The fact that all our modern office buildings are already fully leased confirms a consistent vision: that of offering companies the possibility to move from old, inadequate buildings to new, modern, and integrated workspaces. These are hubs where sustainability, proximity services, and quality of life at work come together, an environment that supports performance and talent retention. In a market where new quality supply is limited, companies are looking for precisely this type of space, and this is our real advantage,” said Mihai Păduroiu, CEO of the Office & Commercial Division at One United Properties.
ONE focuses on developing class A office spaces and aims to build a commercial portfolio (office and retail) of 195,000 sqm GLA by the end of 2026.
By 2030, the company aims to reach a rental portfolio of over 300,000 sqm GLA, with a gross asset value of more than EUR 1 billion and headline annual triple net rent (NNN) rent of over EUR 75 million.
For 2027, the rental portfolio is estimated to generate headline annual triple net rent (NNN) of EUR 45 million.
(English version by Catalina Apostoiu)