Bucharest, 13th of November 2019 – One United Properties obtained the building permit for the first phase of One Cotroceni Park, an 80,000 sqm Gross Lettable Area (GLA) business park.
"We are marking the start of the largest urban regeneration project in the central area of Bucharest, on a 5.8 hectare plot,"
says Mihai Păduroiu, CEO | Office Division, One United Properties, adding:
"The size of the lot allows us to build a concept that will redefine the classic real estate developments, outlining on the map of Bucharest a new point of interest."
The first stage of this large-scale project is represented by a business park developed under the concept of "Flex Well Tech":
"Flexible office spaces, which facilitate access to green areas and offer a variety of services regarding the health and well-being of employees, built according to the latest technological standards”,
explains Mihai Păduroiu the latest office concept development on the Bucharest market.
One Cotroceni Park is a unique project on the capital's office market, with benefits such as: location within the city's central ring and direct access to the subway, flexible surfaces from 3,400 sqm to 8,000 sqm, elevated gardens, green spaces, areas for outdoor sports activities and a panoramic view of the neighborhoods - Cotroceni Palace, Botanical Garden or Parliament Palace.
At the same time, One Cotroceni Park gives a new dimension to the concept "Work - Live - Shop", offering future employees and residents, who will live within the project, a retail area with an area of 15,000 sqm, comparable to that of a medium-sized shopping center. The residential component of the One Cotroceni Park mixed-use project provides approximately 800 apartments, which will be developed in several phases starting from 2020. For a high level of comfort of the employees of the future tenants, One Cotroceni Park will be directly connected to the future subway station Academia Militara through an underground passage.
The underground level, dedicated to parking, will benefit from 10 access exits for efficient traffic within the complex. Keeping the developer's "eco" vision, One Cotroceni Park will be LEED (targeting LEED PLATINUM level) and WELL certified, with an emphasis on improving employees’ health and well-being through the quality of the work environment.
With the three major projects underway: One Tower, part of the One Floreasca City complex, the office tower of One Verdi Park complex and One Cotroceni Park, One United Properties is the developer with the largest office space under construction on the Romanian market.
About One United Properties: Today the company is one of the most active real estate developers in Bucharest. Founded in 2007 by Victor Capitanu and Andrei Diaconescu, One United Properties is known for projects such as One Floreasca Lake, One Herastrau Park, One Charles de Gaulle or One Herastrau Plaza. Starting with 2017, together with Ionuț Dumitrescu, One Office division was established, which today has an existing portfolio of 35,000 sqm (One North Gate business park and One Victoriei Center, the former Bucharest Corporate Center) and 150,000 sqm offices in development and construction (One Tower, part of One Floreasca City, One Cotroceni Park and One Verdi Park). For new projects, the strategy is to develop communities in mixed concepts, while for the existing portfolio the owner aims for new investments to improve the product to the present standards.
