One United Properties announces the handover of One Cotroceni Park Phase I

One United Properties S.A., one of the leading green developers of residential, mixed-use, and office real estate in Romania, listed on the Main Market of the Bucharest Stock Exchange (symbol ONE), confirms the handover of One Cotroceni Park Phase I, an office and commercial building. Phase I of the development has a gross leasable area (GLA) of 46,000 sqm. At this time, 75% of the office and commercial space has been rented.

One Cotroceni Park is the largest urban regeneration project in Bucharest, with mixed functionalities, consisting of a residential area with over 850 apartments, as well as two office buildings and commercial spaces, delivered in two phases. Phase I of the office component of One Cotroceni Park was completed at the end of 2021. At the same time, the developer One United Properties started the works for Phase II of the project that currently cover the structure + 8 levels. Phase II with a gross leasable area of 35,000 sqm will be delivered in 2022.

“We have with One Cotroceni Park a state-of-the-art concept which ideally implements working, living, shopping, all in one sustainable development redefining the classic real estate. This large-scale urban regeneration development brings value to the local community and to Bucharest itself, as the city image will be elevated to a level comparable to the top global metropolises. And this is another step we take towards our credo – that Bucharest should become a world city”, says Mihai Păduroiu, CEO of Office Division One United Properties.

Located in Cotroceni district, one of the most famous and sought-after areas in Bucharest, the concept brings to market a unique business park, which offers the companies looking for efficient headquarters solutions, modern and certified workspaces, with access to numerous services and integrated facilities. The development benefits from LEED Platinum v4 pre-certification, which attests to sustainable operation and minimal impact on the environment, and is in the process of obtaining WELL Health and Safety certification, which assesses health and wellbeing at work.

Among the companies that will be based at One Cotroceni Park, there are: Superbet, the largest sports betting operator in Romania and in the top 30 in the world, Deutsche Bahn Cargo Romania, the Romanian subsidiary of the largest railway carrier in Europe, or SII Romania, a multinational company specializing in software development services (digital and engineering) and IT outsourcing.

Designed in a Live / Work / Play holistic approach, One Cotroceni Park is shaped like a true city within the city, where both employees and residents will benefit from integrated facilities: green spaces, restaurants, running tracks and cycling, cafes, gym, swimming pool, pharmacy, kindergarten, cleaning services, cinema, dynamic offices, modern apartments, and educational facilities.

The Company’s current portfolio includes 101,000 sqm of office space, and it includes One Tower, One Cotroceni Park Office Phase I, One North Gate, and One Herăstrău Office.