One United, close to signing tenants for 40% of office tower in Bucharest

Romanian real estate developer One United Properties, controlled by local entrepreneurs Andrei Diaconescu and Victor Capitanu, is close to signing pre-lease agreements for about 40% of the lettable area of One Tower, its new office project in the Floreasca area.

The office tower has a leasable area of over 24,000 sqm, with delivery scheduled for the third quarter of 2020.

"We have completed the ground floor, and now we are going high. We have a strong demand for offices,” Victor Capitanu said, quoted by Ziarul Financiar.

The office building is part of One Floreasca City, a mixed-use project developed by One United Properties at the crossroad of Mircea Eliade and Cala Floreasca streets.

The developer comes with several traffic solutions in the area along with this project. It has given the municipality a 1,000-sqm land area and will spend EUR 1 million for infrastructure investments, which include enlarging Calea Floreasca from 4 to 6 lanes on the sector between Glynka Street and Mircea Eliade Boulevard. At the same time, the investor has taken on higher costs by constructing exclusive underground parking facilities, a total of 1,200 parking spaces to serve the entire development of One Floreasca City.

(Photo source: One.ro)