One Tower: a landmark in Bucharest's commercial real estate
Bucharest's commercial real estate sector is buzzing with the news of a potential record-breaking transaction involving One Tower, a prestigious office building within the acclaimed One Floreasca City complex. Valued at a staggering 114,000,000 euros, this sale is set to become the largest office building transaction in Romania, signaling robust market confidence and the exceptional quality of premium properties in the capital.
For businesses scouting for top-tier office space in a dynamic European capital, One Tower represents an unparalleled opportunity. Completed in 2020, this modern edifice quickly established itself as a benchmark for contemporary business environments.
Unmatched facilities and strategic location for your business
One Tower offers approximately 24,000 square meters of prime leasable area, meticulously designed to meet the evolving needs of modern enterprises. Spanning three basements, a ground floor, and 17 impressive floors, the building boasts a total built area of 40,000 square meters. Its contemporary architecture and cutting-edge infrastructure provide a superior working environment.
A critical advantage for any thriving business is accessibility and convenience. One Tower addresses this with 358 dedicated parking spaces, ensuring seamless operations for employees and clients alike. The building's strategic position within the One Floreasca City complex places it at the heart of Bucharest's vibrant business and leisure district.
The high demand for space within One Tower is evident, with a notable waiting list for rentals. This underscores its status as a highly sought-after location, promising a prestigious address and a vibrant professional community for its tenants.
A sound investment: strong rental performance and market valuation
The financial performance of One Tower further solidifies its appeal. The building generates a substantial 7,000,000 euros in net annual rents, supported by average contract durations of approximately 7 years. This stability provides a secure foundation for businesses looking for long-term presence and a reliable commercial partner.
With a valuation exceeding 4,700 euros per square meter, One Tower surpasses the price points of other office buildings sold in Bucharest, reflecting its premium quality, desirable location, and robust market standing. Its involvement in such a significant transaction highlights not just its current value, but also its potential for sustained growth and prestige in Bucharest’s competitive market.
One United Properties, the majority shareholder, holds a significant portfolio of 118,000 square meters of office space, valued at over 320,000,000 euros, further demonstrating the expertise and stability behind the development.
Looking ahead: the future of premium office space in Bucharest
Discussions regarding the sale of One Tower are ongoing, with anticipation for its completion by 2026. Experts predict an increase in commercial real estate transactions, partly driven by expected drops in interest rates, making this an opportune time for businesses to secure premium office space in a burgeoning market.
For companies aiming for excellence and a strategic foothold in Southeastern Europe, One Tower offers more than just office space—it provides a gateway to success within Bucharest's most prestigious commercial hub.
Source: prosport.ro
