One United Properties reports residential sales and pre-sales of EUR 174.1 million in 2025

“In 2025, the residential market continued its transformation, shifting its focus from volume to quality, location, and community. Transaction activity slowed across Romania, with a sharper correction in Bucharest metropolitan area, while the VAT changes introduced mid-year amplified volatility, accelerating decisions ahead of August and cooling demand afterwards. In this environment, we prioritized selling the available units in developments nearing completion, where execution visibility supports both pricing and cash collection. At the same time, it has become clear that demand for new ONE products remains very robust – in the fourth quarter we launched sales at One Academy Club (our first sales launch in 17 months) and we pre-sold more than half of the units available for sale within the same quarter. This performance confirms that demand remains strong when quality, location and delivery credibility come together, and it encourages us to accelerate the launch of new developments,”

stated Victor Căpitanu, co-CEO at One United Properties.

The 18% increase in the average sales price per sqm in 2025 versus 2024 continues the upward trend observed throughout 2025 and was primarily driven by the sales mix, which consisted mainly of units in advanced stages of construction, such as One Lake District, One High District and One Lake Club. In Q4 2025, One United Properties launched sales at its new development, One Academy Club, and within the quarter alone, the sales team pre-sold 80 out of the 156 units available for sale. One Academy Club marked the Company’s first sales launch since May 2024, as the Company’s focus in 2025 remained on selling the available units in developments nearing completion, thereby supporting the higher average sales price per sqm.

As of December 31st, 2025, 74% of units under construction were already pre-sold, with 999 units being available in the sales team’s portfolio. In addition, a total of 128 finalized units were available for sale, approximately half of which are located in developments completed within the last 12 months. To meet demand and capture interest in the premium residential segment of the market, the Company plans to expand the sales pipeline in 2026 through the launch of new developments, including One City Club, One Cotroceni Towers and One Park Lane in Bucharest, One Mamaia Nord Phase 3 in Constanta and one new residential development in Sibiu.

Contracted amounts to be received under agreements concluded with customers provide visibility over future cash inflows. As of December 31st, 2025, these amounted to EUR 353.8 million, scheduled for collection by 2028. In addition, EUR 152.4 million was collected in 2025 alone. These already contracted inflows support predictable cash generation over the next three years.

The commercial division continued to support One United Properties’ recurring income. The headline rent for the rental portfolio reached EUR 29.1 million in 2025, a 4% increase compared to 2024. In 2025, One United Properties leased and pre-leased 13,720 sqm of office and retail spaces across the commercial portfolio. Moreover, the Company signed multiple lease extensions for a total area of 23,032 sqm. As of December 31st, 2025, the current standing commercial portfolio totaled 152,000 sqm of GLA, with a 97% lease rate.

“What became clear in 2025 is that buyers and tenants are increasingly selective, and execution matters more than ever. In Bucharest, this is happening against a backdrop of structurally tight supply, which continues to support well-positioned developments with visible construction progress. Alongside our delivery pipeline and a commercial portfolio that generates recurring income, we are also building the next stage of growth by expanding beyond the capital, based on the same fundamentals that made Bucharest such a strong market for us: demand, scale, and a clear need for modern developments. After announcing our entry into Sibiu last year, we continued this direction in Q4 of 2025, by announcing the expansion of the Company’s developments into Constanța, strengthening our presence in a high-potential market where we see strong demand and limited modern supply,”

stated Andrei Diaconescu, co-CEO at One United Properties.

As of December 31st, 2025, One United Properties had under construction a total of 3,655 units, as well as 45,500 sqm of office and commercial spaces, with a total Gross Development Value (GDV) of over EUR 1.4 billion. In 2025, One United Properties finalized 138 units at One Lake Club (Phase 2), 86 units at One Mamaia Nord Phase 2 and 151 units at One North Lofts. One Herăstrău Vista and One Floreasca Towers are scheduled for finalization in the first quarter of 2026.

As of December 31st, 2025, One United Properties had in ownership or under pre-SPA 504.1k sqm of land locations for further development, with total above-ground gross building rights (GBA) of over 1.3 million sqm. All these land plots are currently in the planning phase, with estimated GDV of additional EUR 2.7 billion. The Group estimates the construction of over 11,000 apartments, services for communities, and 106k sqm of rental commercial buildings on these plots of land. Out of the commercial buildings, 99k sqm will host offices and the remaining 7k sqm will be the Hoxton Hotel, located within buildings that will undergo restoration.