A recent analysis by Ziarul Financiar Office Supplement points that One United Properties has achieved remarkable success in the first half of 2023.
The company's consolidated revenue surged by an impressive 25% compared to the same period in 2022, reaching 843.5 million lei, showcasing its commitment to excellence and innovation in the real estate sector.
One Cotroceni Park, a flagship development by One United Properties, has attracted an array of prestigious tenants in 2023. The British Council, a global leader in cultural relations, has established a centre at One Cotroceni Park. This strategic partnership aligns with the British Council's strategy to expand its centres and connect with students worldwide. The centre commenced operations on September 18, 2023, and underscores One United Properties' commitment to supporting educational initiatives and offering a diverse range of facilities to its tenants, as emphasized by Mihai Păduroiu, CEO Office Division, in his statement for ZF.
One Cotroceni Park has also become the temporary home for students from the IG Duca middle school in Sector 5 of Bucharest. During their two-year stay, the existing building will undergo seismic consolidation and modernization to ensure a safe and modern learning environment. One United Properties has not only provided this space rent-free but has also handled all preparations and design, investing approximately 830,000 euros into the project.
As shown in the deep analysis provided by ZF, One United Properties' impressive financial performance is driven by several key factors. The company experienced a 56% increase in revenue from residential property sales, reaching 604.1 million lei in the first half of 2023, compared to 386.8 million lei in the same period in 2022. Rental income also witnessed significant growth, with a 119% increase, reaching 62.8 million lei in the first half of 2023. This growth was propelled by rental income from their diverse portfolio, including properties like One Tower, One Cotroceni Park 1, One Victoriei Plaza, and the retail division.
As One United Properties continues to expand and diversify, the completion of One Cotroceni Park 2 is expected to further boost rental income. The company remains dedicated to providing top-tier spaces and amenities while actively contributing to the growth of the communities it serves.
As highlighted by the ZF Office Supplement, One United Properties' impressive revenue growth and strategic partnerships, including hosting the British Council and supporting the IG Duca middle school, showcase its commitment to excellence, innovation, and community development as the developer is set to shape the future of real estate in Romania.
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