One United Properties has secured a EUR 50 million loan from Black Sea Trade and Development Bank to finance the One Tower office project, part of the One Floreasca City mixed project in Bucharest. A part of the loan will be used to refinance the project costs so far borne by shareholders. The financing is granted for a period of 11 years and will be used in full by the end of the year and subsequently reimbursed until maturity. The One Tower building is set to open in the first half of the year.
”BSTDB is delighted to support this project representing a major investment in the Romanian construction sector amidst the pandemic, which will enhance the offer of quality business infrastructure in Bucharest. We are particularly pleased to note that our client has been repeatedly awarded for the sustainability of their projects, something we seek to support and promote as a development institution”, said Dmitry Pankin, BSTDB President.
