One United Properties bought Office1 building built by Conarg in Aviation area of Bucharest. The building name was changed to One Herăstrău Office and it has a leasable area of 7,500 sqm and a rental rate of 20% at present.

"We confirm the purchase of the office building. It has a value of 15 million euros and a rental rate of 20% at the moment. We estimate that by the end of the year we will reach a 100% occupancy rate",

Victor Căpitanu, One United Properties co-founder, confirmed for Ziarul Financiar.

The building was completed 6 months ago by Conrag and has other two important One United residential developments nearby: One Herăstrău Towers and Neo Herăstrău Park, located 200 meters away.

The company is thus enlarging its office portfolio with a project with high-growth potential: a complete occupancy rate within a year will increase the value of the building to 21-22 million euros.

One United is currently working on six construction sites - One Herăstrău Towers (at the intersection of Av. Şerbănescu and Nicolae Caramfil), which will be delivered this year, Neo Timpuri Noi - scheduled for Q1 2021, Neo Mamaia, which will be finished in Q3 2020, One Verdi Park, the mixed-use project on Barbu Văcărescu Street, and One Cotroceni Park, the largest urban regeneration project on the market.

More details here.