One United Properties secures significant funding for expansion
In a move set to reshape Romania's commercial real estate landscape, One United Properties has announced its intention to contract and extend loans totaling over €106 million. This substantial financing is earmarked for two key purposes: refinancing existing debts and, more importantly for businesses seeking space, funding future large-scale developments. This financial backing signals strong confidence in the market and a commitment to long-term growth.
Massive new office and commercial spaces on the horizon
For businesses looking for prime commercial and office space, this announcement is particularly exciting. One United Properties plans to develop an impressive 146,000 square meters of new commercial buildings specifically designed for lease. A significant portion of this – 121,000 square meters – will be dedicated to state-of-the-art office spaces, promising modern amenities, flexible layouts, and strategic locations to support various business operations.
Focus on key projects: One Cotroceni Park
Part of the secured funding includes a substantial increase of up to €42.45 million for the highly anticipated One Cotroceni Park Office and One Cotroceni Park Office Phase 2 projects. These developments, financed by Banca Comercială Română and BRD Groupe Societe Generale, are set to become premier destinations for businesses. One Cotroceni Park is already recognized for its innovative design and strategic location, offering an excellent environment for companies looking to establish or expand their presence in a dynamic business hub.
Strategic investment for future business growth
The financing strategy also includes a €63.8 million loan for the One United Tower subsidiary, intended to refinance existing credit from Banca Transilvania and other intergroup financing. This consolidates the company's financial position, allowing it to focus on delivering its ambitious development pipeline. For potential tenants, this means a reliable partner with robust financial backing, ensuring the timely completion and high quality of new commercial properties.
What this means for your business
The expansion plans by One United Properties present a significant opportunity for companies seeking modern, well-located office and commercial spaces. With a substantial amount of new inventory coming to market, businesses can anticipate a wider selection of premium properties designed to meet the demands of today's flexible and collaborative work environments. Whether you're a startup, an expanding SME, or a multinational corporation, these upcoming developments are poised to offer the ideal setting for your growth and success.
Source: economica.net
