The loan consists of a construction loan in the amount of EUR28.5 million, which, after the construction of the development will be converted into an investment loan with a total value of EUR37.5 million. The agreement also includes a VAT credit facility of up to EUR4 million for the purpose of prefinancing/ refinancing the VAT, related to the One Technology District development. The loan has a maturity until June 2033.
Upon completion, One Technology District will have a Gross Leasable Area of 22,289 square meters.
Infineon’s future headquarters at One Technology District will serve as the largest semiconductor R&D center in Southeast Europe.
The contract between One United Properties and Infineon, valued at 57 million euros (excluding VAT), marks one of the largest pre-lease agreements ever recorded in the Romanian office market.
(English version by Catalina Apostoiu)