The real estate developer One United Properties, founded by Victor Căpitanu and Andrei Diaconescu, is in an advanced transaction to sell the One North Gate office building in Pipera to a Romanian investor, at an estimated price of EUR 8 million.
One United Properties announced last fall that one of the two office buildings within One North Gate will be converted into apartments. Thus, the larger building in the complex, with an area of about 20,000 sqm and a value of EUR 30 million, is to be fully converted into One North Lofts with 137 homes.
The second building is 4,500 sqm and was 73 percent leased last fall. This property is now subject to sale.
“We have an advanced transaction that we will announce. It is an office building. We are actively looking at portfolio optimization. If there are properties where we feel that, marginally, the capital could be better invested elsewhere, then we sell. Where we have too little money put in and the growth potential is too small, we will decide and go out to invest the money more efficiently,” said Victor Căpitanu, CEO of One United Properties.
Source: Profit.ro
