One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces €47 million financing from Banca Transilvania. This financing will be used to fully repay the existing credit contracted by the company in 2021 from the Black Sea Trade and Development Bank for the development of the sustainable office building One Tower, part of One Floreasca City. Additionally, this new financing will ensure the partial repayment of existing shareholder loans and other associated costs.
"We are pleased to announce the securing of financing from Banca Transilvania, which will allow us to repay an existing credit for the development of One Tower office building and, at the same time, reduce the interest rate by 1%, reflecting our commitment to optimizing financial performance. The demand for our office portfolio is extremely high, and One Tower building is fully leased, demonstrating the quality of our workspaces. With a gross development value of €120 million, this property represents a significant landmark in our portfolio. We are also committed to meeting the growing demand for sustainable office spaces through the development of new offices on the first floor of One Gallery, a building currently under restoration", stated Andrei Diaconescu, co-founder and co-CEO of One United Properties.
Part of the mixed-use development One Floreasca City, One Tower is the first office building in Romania to achieve LEED v4 Platinum Building Design and Construction certification, the highest level offered by this certification. LEED is the most used green building rating system globally and an international symbol of excellence. The LEED Platinum certification, which attests to energy efficiency and environmentally friendly practices, is complemented by the WELL Health-Safety certification, confirming that tenant health and safety are prioritized through operational policies and rigorous maintenance protocols. Thus, One Tower provides tenants with the opportunity to operate sustainably in a healthy and productive workspace.
To meet the growing demand for modern and certified office spaces, One United Properties will expand its office portfolio at One Floreasca City with the development of One Gallery, the former Ford factory currently undergoing restoration. The first floor of the building is planned for the construction of new modern office spaces, while the ground floor will host retail spaces. The gross development value for One Gallery is 100 million euros, the largest private investment in the restoration of a historic building in Romania.
Benefiting from an excellent location in the heart of Floreasca district, One Tower provides access to parks, restaurants, cafes, and panoramic views of the lake. One Tower provides modern office spaces equipped with the latest technologies. The building has been meticulously designed to create a welcoming and comfortable working environment for employees, featuring modern, bright offices with efficient heating and ventilation systems. Among the companies occupying offices at One Tower are McCann Worldgroup Romania, real estate consultancy CBRE, Sanador, CMS Romania law firm, Element Group, pharmaceutical companies Egis and Astellas, recycling group Green Group, and Saint Gobain.
The entire One Floreasca City development represents an innovative real estate concept, designed to foster the formation of a new community. It includes a residential component with exclusive design apartments – One Mircea Eliade, the Class A office building One Tower, and One Gallery, a commercial component with office and retail spaces.
The information provided by KomuniK
Amsterdam-based DRI, the EU renewables arm of Ukrainian energy company DTEK, announced the signing of the “largest physical solar power purchase agreement (PPA) in Romania” with OMV Petrom, the leading integrated energy producer in Southeastern Europe. The agreement groups three PPAs with OMV Petrom over an 8.5-year period for approximately 100GWh per year at a […]
Art Safari, the largest exhibition event dedicated to art in Romania, has announced its first 2025 edition, scheduled to take place from March 7 to July 27. The new season offers a program featuring anniversary retrospectives of Romanian art masters Ioan Andreescu and Ion Țuculescu, the exhibition Forgotten Painters – Hidden Treasures of Romanian Art, […]
Crin Antonescu, the former leader of the Liberal Party (PNL) and interim president during Traian Băsescu's suspension in 2012, could become the joint candidate of the Social Democrats (PSD) and Liberals (PNL) in the presidential elections to be held in the spring. The only politician who has firmly announced his candidacy so far is the […]
The Social Democrats (PSD), Liberals (PNL), and Hungarian party UDMR were, at the end of December 22, close to agreeing over the share of the ministries in a joint cabinet to be appointed before the end of the year, such as to enact the quasi-austerity package of fiscal corrective measures already inked by the Ministry […]
Romania's gas consumption will increase by 10 billion cubic meters in the next 3-4 years, which practically means a doubling of current consumption, according to the National Gas System Development Plan 2024 - 2033 drafted by the operator of the country's gas transport system, Transgaz. The additional source of gas would come from the Black […]
The government of Romania has approved an emergency ordinance (OUG) initiated by the Ministry of Energy with legislative amendments that allow ministries to increase their stakes in companies in which they are majority or minority shareholders in order to prevent their "hostile takeover" or "decapitalization," according to Profit.ro and
