One United Properties to expand in retail parks segment

Business Forum

6 February, 2025 at 2:00 PM

Romanian developer One United Properties, specialized in office and premium residential projects, is looking to build a portfolio in the retail segment.

The company is reportedly aiming to develop retail parks in smaller cities, with a food retailer as the main tenant.

The new development efforts will be led by Bogdan Macovei, a seasoned manager that previously coordinated the expansion of Lidl and Kaufland in Romania, according to profit.ro.

At the end of 2024, One United Properties had under construction a total of 4,041 units, 22,000 sqm of office spaces and 21,000 sqm of commercial spaces with a total gross development value (GDV) of €1.5 billion.

Until now, One United Properties has integrated retail components in its mixed-use projects and the company also owns commercial centre Bucur Obor in Bucharest.

Retail deliveries in Romania fall 15% in 2024

New retail projects with a combined leasable area of around 180,000 sqm were completed in Romania during 2024, down by around 15% versus 2023, with retail parks accounting for the biggest share of deliveries, according to Cushman & Wakefield Echinox. 

Real estate

Romania's long term retail pipeline reaches 800,000 sqm

The retail market in Romania has room for growth, considering that short-to-long term pipeline exceeds 800,000 sqm, consisting of projects under construction or in different permitting stages, which are due to be completed by the end of the decade. 

Real estate

Romania's retail market sees increased demand for experiential shopping

Affan Yildirim, General Manager, member of the Board of Directors of Anchor Grup, and member of the Board of Directors of MallDova, talked to Property Forum about the trends shaping the Romanian retail market and the investments made in București Mall over the past 25 years to accommodate evolving demands of tenants and shoppers. 

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.

Real estate

HILS Development posts 28% resi sales growth in H1 2024

Romanian developer HILS Development has announced a 28% increase in residential sales during H1 2024 compared to the same period of last year, while revenue was up 25% year-on-year. 

Real estate

Bucharest mayor to issue traffic permits for new property developments

Bucharest's Mayor Nicușor Dan has announced that he will be tasked with issuing traffic permits for new Urban Zoning Plans (PUZ), Urban Developing Plans (PUD) and construction authorizations.

Real estate

Romania ranks third in CEE on commercial investments H1 2024

Romania's commercial property sector recorded investment transactions of €418 million in H1 2024, up 131% year-on-year, marking the biggest volume growth across CEE, according to Cushman & Wakefield Echinox. 