One United Properties announces the signing of a sale agreement for all the shares of One Herăstrău Office S.A. to a private investor. The value of the transaction amounts to EUR 21 million. One United Properties was assisted in the transaction by JLL Romania.
One United Properties held 30 percent of the shares of One Herăstrău Office Properties S.A., which, in turn, held 66.67 percent stake in One Herăstrău Office S.A.. The participation was acquired in June 2020 at a valuation of the building of EUR 15 million.
One Herăstrău Office building is located in the Northern area of Bucharest, and it is currently 100 percent leased. The building has a total leasable area of 8,074 sqm and offers modern office space with BREEAM certification which reflects the high degree of sustainability of the building.
“One Herăstrău Office building has reached full occupancy since the first part of last year, which confirms the current trend of companies’ demand for modern and certified offices. The local investment market continues to be attractive, following a record 2022 in terms of transactions, with increasing liquidity and significant potential to attract new investors. At the same time, the sale of the stake in One Herăstrău Office represents an investment process with added value for our company,” said Mihai Păduroiu, CEO Office Division One United Properties.
