One United Properties announces EUR 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.
