This is the first such development after the pandemic and the first where the tenant signs a 15-year lease from the get-go.
“The contract, which was concluded with Infineon Technologies, German leader in designing and manufacturing semiconductors, is intended for developing a turnkey sustainable prime office building to cover Infineon needs for a period of 15 years, starting with 2026. The starting value of the contract amounts to EUR57 million (excluding VAT), indexed to the EU annual inflation,” One United Properties said in a report to the Bucharest Stock Exchange on Monday.
“Under the contract, the Company will develop and further lease a building, ONE Technology District, with total office Gross Leasable Area of 20,000 square meters (with terraces), including 2,000 square meters of laboratories and 280 parking spaces. The development will also incorporate geoexchange system that will fully cover the heating and cooling needs of the tenant. The future development will be located in Bucharest, 5-7, Dimitrie Pompeiu Boulevard and is estimated to be delivered in the second quarter of 2026.”
In 2022, Infineon Technologies Romania expanded to 10,000 square meters of office space in Novo Park, after having signed a lease for two more floors and a lab in the D building of the complex developed by Genesis Property in the north of Bucharest. It also decided to extend the current lease until 2025.
In Romania, Infineon has a research and development center, where it develops intelligent power chips and sensors for cars, as swell as chips for payment and ID cards, the corporate website says.
Developer One United Properties signed an agreement via special purpose vehicle ONE Proiect 17 at the end of July to buy a 9,351 square meter plot from Real Habitation, a company of the CPI Property Group and formerly of Immofinanz, National Agency for Cadaster and Land Registration (ANCPI) show.
The plot is across the street from the Pipera subway station, between IRIDE of CPI Property Group and Hermes Business Campus, and is one of the few streetfront properties still vacant there.
(English version by Loredana Fratila-Cristescu)