In 2024, One United Properties sold and pre-sold units worth EUR 227.8 mln, leased 20,000 sqm of commercial spaces

One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use, and office properties, reports total sales and pre-sales of EUR 227.8 million in 2024, corresponding to the surface of 83,958 sqm of residential and commercial spaces sold and pre-sold. This includes 850 apartments and commercial units, as well as 1,270 parking spaces and other unit types. As for the development, as of December 31st, 2024, One United Properties had under construction a total of 4,041 units, 22,000 sqm of office spaces and 21,000 sqm of commercial spaces with a total Gross Development Value (GDV) of EUR 1.5 billion.

“Our sales team delivered an outstanding performance in 2024, navigating a complex market shaped by high inflation, geopolitical uncertainty, and a complicated local political landscape. The sales mix reflected strong demand for high-value units across developments in advanced stages of construction, reinforcing the resilience of our portfolio. At the same time, the exceptional success of One Lake District Phase 2, currently the most affordable developments in our offering, showcased our ability to cater to diverse buyer needs while maintaining a dynamic pricing strategy. As sales progress, prices at this development naturally increase, further consolidating our results. The combination of robust pre-sales and sustained demand across all segments underscores the strength of One United Properties in any market conditions,” said Victor Capitanu, Co-CEO of One United Properties.

The average sales price per square meters in 2024 remained stable compared to 2023, reflecting the integration of units from One Lake District Phase 2 into the sales portfolio as of May 2024. One Lake District Phase 2 was the only new development added to sales portfolio in 2024, with the Company focusing sales across developments in advanced stages of construction. Consequently, as of December 31st, 2024, 72% of the available units under development and delivered were sold out. Amounts to be received under contracts concluded with customers as of December 31st, 2024, amount to EUR 342.9 million in additional cash payments until 2027. EUR 173.8 million in cash were collected from clients in 2024 alone.

The commercial division of One United Properties continued to expand, with the headline rent for the rental portfolio reaching EUR 28.2 million, an increase of 20% compared to 2023.The leasing activity remained robust despite challenging conditions on the office market in Romania. Consequently, One United Properties' office division leased and pre-leased 12,850 sqm of office and retail spaces across the commercial portfolio. In addition, the Company signed several lease extensions for a total of 7,120 sqm across its standing portfolio. As of December 31st, 2024, 94% of the Group's standing commercial portfolio was already let.