One United Properties kicks off Infineon HQ development in Bucharest

Green Forum

5 August, 2024 at 10:03 AM

Romanian developer One United Properties has started the construction of One Technology District, which will host the largest R&D centre of Infineon Technologies in Southeast Europe.

One United Properties has leased the office project to Infineon for the next 15 years starting 2026. The total contract value amounts to €57 million (excluding VAT) and represents one of the largest pre-lease agreements ever recorded in the Romanian office market.

The agreement involves the construction and leasing of office spaces with a gross lettable area of 20,595 sqm (with terraces), including 3,000 sqm of laboratories and 280 parking spaces.

Mihai Păduroiu, CEO Office Division of One United Properties, said the lease is a confirmation of Bucharest's status as a highly attractive market for international companies that understand the value of sustainable construction

The building will be the first in the developer's portfolio that will not include a gas connection, which will be replaced by a geoexchange system. The developer aims to obtain the LEED Platinum certification for One Technology District.

Bucharest office fit-out, among the most affordable in CEE

The average total office fit-out costs in Bucharest increased slightly in 2025 to around €1,000 per sqm, according to data from Cushman & Wakefield Echinox. However, Bucharest remains one of the most affordable markets in CEE, with fit-out costs 18% and 15% lower than in Warsaw and Prague, respectively.

Real estate

Globalworth renews Access4you certification for entire Romanian portfolio

Globalworth has renewed its Access4you certification for all 16 office buildings in its Romanian portfolio, totaling almost 500,000 sqm. The recertification, conducted with consultancy services from Colliers, marks the second three-year certification cycle for the leading office investor in CEE.

Real estate

Bucharest office leasing reaches lowest point in four years

Office leasing in Bucharest reached its lowest point in four years during H1 2025, according to Colliers consultants. Total leasing transactions exceeded 100,000 sqm, representing a more than one-third decrease compared to the same period last year.

Real estate

Market beat: How large office tenants gain leverage in Bucharest

Lavinia Ioniță Rasmussen, Real Estate Partner at Nestor Nestor Diculescu Kingston Petersen (NNDKP), talked to Property Forum about the firm's growing portfolio in industrial and renewable energy, but also about the new EU rules that will boost investments in green buildings.

Real estate

Why this investor is betting on hospitality and city logistics

George Gardin, Country Manager for Romania at Yellow Tree Group, spoke with Property Forum about the group's first pilot development in Romania, Aria Shopping Center, and the investment vision for the local market going forward, with a focus on diversification into hospitality and in-city logistics. 

Real estate

Cătălin Năstăsoiu, Genesis Property: Integrating the wellness wheel into offices

The current workforce landscape has been significantly influenced by recent challenges, leading to a shift in how employees perceive their well-being. This highlights the importance for employers to prioritize their employees' health and happiness, actively supporting them and fostering a workplace culture that values holistic well-being, writes Cătălin Năstăsoiu of Genesis Property.

Real estate

AFI Europe buys landmark office building in Bucharest from Immofinanz

AFI Europe has purchased the myhive Victoriei building in central Bucharest from Immofinanz for around €27 million. The new owner plans to turn the existing office building into a mixed-use project, with the conversion permit already secured.

LATEST NEWS

17 Apr

Polish office market grapples with increasing fit-out costs

16 Apr

Bucharest office fit-out, among the most affordable in CEE

14 Apr

Sustainability moves from ambition to action

13 Apr

City Point Okęcie achieves Breeam Outstanding certification

10 Apr

Slovakia: Fewer easy wins, more specialised opportunities

CONFERENCES

CEE PROPERTY FORUM & AWARDS GALA 2024 - VIENNA, AUSTRIA

POLAND ESG FORUM 2024

Romania ESG Forum 2024

RECOMMENDED FROM THE HOME PAGE

Real estate

Sustainability moves from ambition to action

Conducted in autumn 2025, the RICS Sustainable Real Estate Survey Europe gathered 112 responses from valuers, developers, investors and other professionals across 30 countries. The findings confirm that ESG has moved from a peripheral concern to a core driver of real estate value, risk and decision-making across Europe.

Energy

DSV boosts energy self-sufficiency with solar power

DSV – Global Transport and Logistics, the world's largest logistics operator, has launched a solar installation at its warehouse in Łozienica, Poland, in partnership with commercial real estate investor Accolade. The installation will meet the energy needs of Poland's first multi-client warehouse equipped with an AutoStore system.

Energy

Etem Gestamp signs cross-border wind power deal with Rezolv

Etem Gestamp, the Sofia-based joint venture between Viohalco Group and Spain's Gestamp Group focused on aluminium extrusion and processing for the automotive industry, and Rezolv Energy, the Actis-backed independent power producer, have signed a 10-year virtual power purchase agreement (VPPA) in Bulgaria. The VPPA will see Etem Gestamp buy electricity from Rezolv Energy's 461MW 'Vifor' wind farm, which is about to come onstream in Buzău County, Romania. It is the first cross-border wind PPA that has been publicly announced in Bulgaria.

Business

DP World plants underwater forests to revive Black Sea marine life

DP World has launched a five-year coastal restoration programme to create underwater "forests" of native seaweed to boost marine life near the Constanța South Container Terminal on the Black Sea.

Energy

Microsoft hits 100% renewable energy target five years early

Microsoft has achieved its goal of matching 100% of its annual global electricity consumption with renewable energy, reaching the milestone five years ahead of its 2025 target. The achievement supports the company's commitment to become carbon negative by 2030.

POPULAR

Real estate

3 months ago

GTC signs green energy deal for Polish commercial projects

Real estate

3 months ago

How is EU real estate navigating the CSRD changes? Take our survey

Real estate

3 months ago

Three Prague office buildings earn Breeam sustainability ratings

Real estate

2 months ago