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Residential Market News

Nearly 2,000 residential complexes are currently under construction

Almost 2,000 residential complexes are currently under construction, and three quarters (76%) of real estate projects in Romania have a maximum height of 4 floors.

One United Properties acquires the former Ford factory

One United Properties (BVB: ONE), the leading green developer of residential, mixed-use, and office real estate in Romania, announces the acquisition of a historic building located in the centre of Bucharest, the former Ford factory, from Auchan Romania. The developer estimates significant investments in the next two years in the restoration of the building, with the purpose of protecting and regenerating the cultural heritage of Romania’s capital.

One United Properties to raise up to 100 million euro in equity

One United Properties (BVB: ONE), the leading green developer of residential, mixed-use, and office real estate in Romania, announces intention to raise up to 100 million euro in equity from investors in a share capital increase operation, which will be subject to the vote in the General Meeting of Shareholders on April 26th, 2022.

IMMOFINANZ presents new brand On Top Livng at MIPIM 2022

IMMOFINANZ presents its new residential brand On Top Living at MIPIM, the world’s biggest real estate fair in Cannes. Under this brand, IMMOFINANZ will provide its tenants with up to 12,000 smart and sustainable apartments at affordable prices in the medium term.

FORTIM study: TOP COUNTRY INVESTORS in real estate, in Romania

Austria ranks first among investors who chose commercial real estate in Romania last year, with about a third of the acquisitions, according to Fortim, a member of the BNP Paribas Real Estate Alliance. In second and third place are the Czech Republic and Hungary.

One Cotroceni Park obtains the Green Homes pre-certification granted by the Romania Green Building Council

One United Properties (BVB: ONE), the leading green developer of residential, mixed-use and office real estate, announces that the residential development One Cotroceni Park has obtained the Green Homes pre-certification from the Romania Green Building Council, which is awarded to a real estate development in the execution phase.

One United Properties posts revenues of 1.1 billion lei and gross profit of 604 million lei in 2021

One United Properties (BVB: ONE), the leading green developer of residential, mixed-use and office real estate in Romania, recorded revenues of 1.1 billion lei in 2021, 105% increase compared to the 2020 result, a historical milestone for the company. The gross profit surged 192%, reaching 603.5 million lei.

Prima Development Group reports sales of over 250 million lei in 2021, a record for the company

Prima Development Group announces record sales for the company in 2021, of over 250 million lei. Last year's sales are recorded in the context of the expansion of the developer's real estate projects in Bucharest, where Prima Development Group sold 200 apartments in 2021. For 2022, the company estimates that the trend will continue upwards, and the number of apartments sold will be more than 700, given that last year it sold 640 apartments in Bucharest and Oradea.

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