In 2023, One United Properties completed 1,549 residential and commercial units, marking its largest annual delivery to date and surpassing all previous years’ output.
„Our operations throughout last year spanned fourteen construction sites, including restorations of the former Ford Factory, now One Gallery, and Braikoff House, soon to be unveiled as One Athenee, both due for delivery in 2025,” stated Victor Capitanu, the company’s co-CEO.
The rental portfolio also saw an uptake in activity. As of the 2023 yearend, One Tower and One Victoriei Plaza boasted full occupancy, while One Cotroceni Park 1 and One Cotroceni Park 2 reached leasing levels of 88% and 75%, respectively.
The four office locations of One United Properties now accommodate nearly 10,000 employees, supporting an estimated 3 billion euros in revenue generated by the tenants’ local subsidiaries. These developments have also created approximately 2,100 new job positions, bolstering Bucharest’s reputation as a hub for global enterprises such as Siemens Energy, Ford, Stripe, and Bluetweak.
„We signed a landmark agreement last year with Infineon Technologies to develop Romania’s most sustainable office building, One Technology District. This project will pioneer innovations such as gas-free heating and cooling through geo-exchange thermal solutions. This collaboration not only sets a new standard in Romania but also aims to establish a global benchmark for sustainability. As we look to the future, our commitment to sustainability and innovation will continue to drive us forward,”added Andrei Diaconescu, co-CEO of One United Properties.
The Company’s CSR strategy is oriented around three verticals: urban regeneration and environmental protection, where One United Properties made total donations of 6.1 million lei; education, sports and entrepreneurship, where the support amounted to 2.9 million lei; healthcare and research, where the Company donated 331.4 thousand lei last year to several causes.
The real estate developer ended the first quarter of 2024 with consolidated turnover worth RON419 million, down 5% from Q1/2023, while net profit amounted to RON157.3 million, up 4%.
One United Properties has a RON3.3 billion capitalization, after its shares have lost 11.6% since the start of this year, amid deals worth RON476 million.
(English version by Catalina Apostoiu)